Jiarong · 2020年11月21日
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.
the bond is issued with a term maturity structure这个是什么意思，会带来什么风险，是在哪里讲到了？
谢谢
WallE_品职答疑助手 · 2020年11月22日
Term maturity structure: notional principal is paid off in a lump sum at maturity.因为只在期末付一大笔，所以有违约风险，导致一分钱都拿不到。
然后回答你对于sinking fund后来提的问题，如果债券中有call provision，那么issuer就可以一股脑的全部在同一时间提前赎回，sinking fund给出的是periodic principal redemption这个解决方案，虽然还是面临redemption risk，但是也正是在管理redemption risk
the bonis issuewith a sinking fun the bonis a seribon B is correct. With a sinking funarrangement, the issuer must reem part of the issue before the maturity te.sinking funprovision 的aantage 就是可以recret risk, 因为perioc principremptions. 所以为什么还选B呢？以及A C各错在什么地方？
这里的remption risk 是理解为prepayment risk 吗 这两个风险有什么区别呢？
sinking fun每一期赎回一点儿钱，那它的remption risk应该更低才对呀
the bonis issuewith a sinking fun the bonis a seribon B is correct. With a sinking funarrangement, the issuer must reem part of the issue before the maturity te. 请问下，term maturity structure和seribon哪个知识点的？
