问题
单项选择题
All else being equal, which of the following bond characteristics will lead to lower levels of coupon reinvestment risk（）
A. Longer maturities and higher coupon levels.
B. Shorter maturities and lower coupon levels.
C. Shorter maturities and higher coupon levels.
答案
参考答案：B
解析：
Other things being equal, the amount of reinvestment risk embedded in a bond will decrease with lower coupons because there will be a lesser dollar amount to reinvest and with shorter maturities because the reinvestment period is shorter.