Why is it the case that governments and non-profit organization typically do not invest in bonds? Select one:

a. Bonds have the dual sources of risk related to market fluctuations and risk due to reputation of the issuer.

b. Investors take on lower yields in order to benefit from their tax-exempt status, a benefit that is not useful to governments and most non-profits.

c. Investment in bonds is prohibited by provisions of the Sarbanes-Oxley Act.

d. All of the above.

e. A and B

f. B and C