NO.PZ201812020100000202
问题如下：
Strategy 2 is most likely preferred to Strategy 1 for meeting the objective of:
选项：
A.
protecting inflation.
B.
funding future liabilities.
C.
minimizing the correlation of the fund’s domestic bond portfolio and equity portfolio.
解释：
A is correct.
Floating-coupon bonds provide inflation protection for the interest income because the reference rate should adjust for inflation. The purchase of fixed-coupon bonds as outlined in Strategy 1 provides no protection against inflation for either interest or principal. Strategy 1 would instead be superior to Strategy 2 in funding future liabilities (better predictability as to the amount of cash flows) and reducing the correlation between the fund’s domestic bond portfolio and equity portfolio (better diversification).
应该选 c吧 strategy 1不是浮动coupon怎么protect inflation呢
