微信扫一扫
实时资讯全掌握
|
For the management of a fixed-income portfolio, which of the following is an important implication of the change in the dominant product structure in the primary corporate bond market within the last decade? A. Securities structured with embedded options are scarce and, therefore, demand a premium price. B. Intermediate maturity bonds are scarce and, therefore, demand a premium price. C. Option-free bonds are scarce and, therefore, demand a premium price. |