问题详情

AbondportfoliomanagerisconsideringthreeBonds–A,B,andC–forhisportfolio.BondAallowstheissuertocallthebondbeforestatedmaturity,BondBallowstheinvestortoputthebondbacktotheissuerbeforestatedmaturity,andBondCcontainsnoembeddedoptions.Thebondsareotherwiseidentical.Themanagertellshisassistant,“BondAandBondBshouldhavelargernominalyieldspreadstoaU.S.TreasurythanBondCtocompensatefortheirembeddedoptions.”Isthemanagermostlikelycorrect？
A.Yes.
B.No,BondA’snominalyieldspreadshouldbelessthanBondC’s.
C.No,BondB’snominalyieldspreadshouldbelessthanBondC’s.