If you are an income-oriented investor and you feel that interest rates are relatively high and will decline in the future, you should purchase

Question

Quizplus · Accepted Answer

Long-term, non-callable bonds are ideal for income-oriented investors who believe interest rates will decline. As interest rates fall, the value of these bonds rises, and since they are non-callable, the issuer cannot redeem them before maturity, allowing the investor to benefit from the higher interest rates locked in at the time of purchase.

If You Are an Income-Oriented Investor and You Feel That