mini2019-08-26 22:47:43

Consider the following statements about bond reinvestment risk and bond duration (interest rate risk): I.Lower bond reinvestment implies higher interest rate risk (duration), ceteris Paribus (assuming other conditions unchanged). II.Due to reinvestment risk, the yield-to-maturity on a bond is unlikely to equal the bond’s realized return. III.Reinvestment risk is eliminated in a zero-coupon bond. Which of the above statements is true? A I and II B I and III C II and III D 老师，bond's realized return如何理解？它与ytm的关系？