NO.PZ2022061303000022
问题如下：
Consider two bonds that are identical except for their coupon rates. The bond that will have the highest interest rate risk most likely has the:
选项：
A.lowest coupon rate.
B.coupon rate closest to its market yield.
C.highest coupon rate.
解释：
A is correct. A lower coupon rate means that more of the bond’s value comes from repayment of face value, which occurs at the end of the bond’s life.
B is incorrect because the relationship between the coupon rate and the yield of a bond affect the relationship between the price and face value of the bond, not its interest rate risk.
C is incorrect because a higher coupon rate means that more of the bond’s value comes from coupon payments, which occur earlier in a bond’s life.
考点：interest rate risk
解析：其他条件均相同的情况下，债券coupon rate越高，利率风险越小。债券coupon rate越低，利率风险越大。故选项A正确。
Consider two bonds that are identical except for their coupon rates. 这句话是表明D相同的意思？
