Suppose you plan to warehouse surplus funds for four years by holding either one of the following three debt securities:

(A) Bank of America certificates of deposit (CDs) with maturity less than one year.

(B) 30-year, 5% annual coupon, Treasury bonds with 28 years of remaining maturity.

(C) Johnson & Johnson 5-year, 10% annual coupon bonds with AAA rating.

The current market interest rates are 8%. Which of the following debt securities will help you reduce both interest-rate risk and reinvestment risk? Which of the following debt securities will subject you to high interest-rate risk (low reinvestment risk)?