Question
An investor owns the following investments: 50 New York 5% General Obligation bonds maturing in 2025 and rated AA 50 Florida University 6.25% Revenue bonds
An investor owns the following investments:
50 New York 5% General Obligation bonds maturing in 2025 and rated AA
50 Florida University 6.25% Revenue bonds maturing in 2026 and rated AA
50 Nevada Turnpike 5.75% Revenue bonds maturing in 2025 and rated AA
What type of diversification does this represent?
| A. | Maturity | |
| B. | Quality | |
| C. | Quantity | |
| D. | Geographical |
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ISE International Financial Management
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun
9th International Edition
1260575314, 9781260575316
