Which of the following is an advantage of floating rate to investors?

Select one:

A. If market rates fall, the issuer can buy back the bond from you, and re-issue at the lower rate.

B. Their prices tend to be highly stable regardless of interest rate changes.

C. They are sold at a deep discount.

D. If market rates rise, you can sell the bond back to the issuer, and refinance at the higher rate.