NO.PZ2023120801000077
问题如下:
Given two otherwise identical bonds, when interest rates rise, the price of Bond A declines more than the price of Bond B. Compared with Bond B, Bond A most likely:
选项:
A.has a shorter maturity.
is callable.
has a lower coupon.
解释:
Correct Answer: C
The lower the coupon rate, the more sensitive the bond's price is to changes in interest rates.
讲义上的这句,for long-dated bonds trading at discount to par, int rate risk would be lower than shorter term。
不就可以理解为shorter term的bond int rate risk更大吗。A为什么不对。