NO.PZ2023010301000022
问题如下：
Investors seeking some general protection against a poor economy are most likely to select a:
选项：
A.deferred coupon bond.
credit-linked coupon bond.
payment-in-kind coupon bond.
解释：
Correct Answer: B
A credit-linked coupon bond has a coupon that changes when the bond’s credit rating changes. Because credit ratings tend to decline the most during recessions, credit-linked coupon bonds may thus provide some general protection against a poor economy by offering increased coupon payments when credit ratings decline.
