Bonds whose term to maturity is shorter than the holding period are also subject to _________
举一反三
- Bonds with a maturity that is longer than the holding period have no interest - rate risk.
- When a holder of a commercial bill sells it before its maturity date the return to the holder is called the holding period return.
- According to the market segmentation theory of the term structure,________ A: the interest rate for bonds of one maturity is determined by supply and demand for bonds of that maturity. B: bonds of one maturity are not substitutes for bonds of other maturities; therefore, interest rates on bonds of different maturities do not move together over time. C: investors' strong preference for short-term relative to long-term bonds explains why yield curves typically slope upward. D: all of the above. E: none of the above.
- The Revolution Period is also called Age of Milton because it produced a great poet whose name is William Milton.
- The capital market is a financial market in which only short - term debt instruments (generally those with original maturity of less than one year) are traded.