NO.PZ201812020100000506
问题如下：
Whichportfolio structure should Hui recommend that would satisfy the school boardmember’s preference?
选项：
A.
Bullet portfolio
B.
Barbell portfolio
C.
Laddered portfolio
解释：
C is correct. The laddered approachprovides both diversification over time and liquidity. Diversification overtime offers the investor a balanced position between two sources of interestrate risk: cash flow reinvestment and market price volatility. In practice,perhaps the most desirable aspect of a laddered portfolio is liquiditymanagement, because as time passes, the portfolio will always contain a bondclose to maturity.
如题
