interest rate

问题如下：

Perumal forecasts the expected return of emerging market bonds and proceeds to disclose the unique risks of investing in these instruments.

Perumal’s disclosure concerning unique investment risks in emerging market bonds is most likely to include:

选项：

A.Price fluctuations, based on changes in interest rates

B.

That they are potentially more vulnerable to distress, due to less sophisticated financial markets and institutions, and hence, a higher likelihood of default.

C.Both A and B.

解释：

Correct Answer: B

Response B is correct and often the case for emerging markets.

Interest rate risk is not unique to emerging markets. It is true for investing in fixed income in all markets—developed as well as emerging.

中文解析：

答案B是正确的，而且往往适用于新兴市场。

利率风险并非新兴市场所独有。所有市场的固定收益投资都是如此——发达市场和新兴市场都是如此。