Your uncle would like to limit his price risk and his default risk, but he would still like to invest in corporate bonds. Which of the possible bonds listed below best satisfies your uncles criteria?

Select one:

a. BBB bond with 10 years to maturity.

b. BBB bond with 5 years to maturity.

c. AAA bond with 5 years to maturity.

d. AAA bond with 10 years to maturity

e. BBB perpetual bond.