问题如下:
An investor is most likely to face the redemption risk when:
选项:
A.the bond is issued with a term maturity structure.
B.the bond is issued with a sinking fund.
C.the bond is a serial bond.
解释:
B is correct.
With a sinking fund arrangement, the issuer must redeem part of the issue before the maturity date.
sinking fund会每一期赎回一点儿钱,那它的redemption risk应该更低才对呀