Interest rate risk is apt to be highest for holders of __________.

A. long-term bonds with high coupon interest rates

B. money market funds

C. T-bills

D. long-term bonds with low coupon interest rates

A ratio that is important in bond credit analysis is the ___________ ratio, which is EBITDA divided by interest payments. This calculates how much operating income a company has to pay the ongoing debt service.

A. retention

B. blanket

C. spread

D. coverage