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You own a portfolio of bonds that consists of short-maturity and long-maturity bonds. If you expect interest rates to RISE you should sell your ___________
You own a portfolio of bonds that consists of short-maturity and long-maturity bonds. If you expect interest rates to RISE you should sell your ___________ bonds and buy more __________ to ___________
A) short-maturity bonds; long-maturity bonds; maximize gains
B) long-maturity bonds; short-maturity bonds; maximize gains
C) short-maturity bonds; long-maturity bonds; minimize losses
D) long-maturity bonds; short-maturity bonds; minimize losses
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