Which of the following has the least interest rate risk?
a.A six-month unsecured promissory note from International Harvester
b.An eight-year investment certificate from a federally insured bank
c.A 15-year U.S. Treasury bond
d.An AT&T bond maturing in 2010
Interest rate risk is the possibility that rates will change.
a.A six-month unsecured promissory note from International Harvester
b.An eight-year investment certificate from a federally insured bank
c.A 15-year U.S. Treasury bond
d.An AT&T bond maturing in 2010
Interest rate risk is the possibility that rates will change.
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