Question
Which of the below is NOT a valid reason to invest in a bond: (a) Low risk as payments of coupons and par-value are both
Which of the below is NOT a valid reason to invest in a bond:
(a) Low risk as payments of coupons and par-value are both scheduled and specified
(b) senior claim in case of bankruyptcy
(c) Portfolio diversifier (low correlation)
(d) Usually higher return than equity during growth years
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
