问题如下：
What secondary market characteristics would most likely have Gerber’s desired effect on portfolio liquidity?
选项：
A.Decreased trading volume
B.Less spread sensitivity to fund outflows
C.A decrease in broker/dealer holdings
解释：
B is correct.
Spread sensitivity is the effect on credit spreads of large withdrawals by investors from credit funds. Spread sensitivity can be measured as the spread widening (in basis points) divided by the percentage outflow from high-yield funds (funds withdrawn divided by assets under management). A decrease in the spread sensitivity to fund outflows would most likely indicate an increase in liquidity.
想请问C为什么错了
