问题如下:
Which of the following about sovereign bond is most correct for investors?
选项:
A.Floating-rate notes have least interest rate risk
B.Zero-coupon bonds have least interest rate risk
C.Fixed-coupon bonds have least interest rate risk
解释:
A is correct.
Floating-rate notes' duration is shortest (=reset date/2), thus least interest rate risk.
C为什么不对?