The Practical Application of Bond Portfolio Immunization to Investors Is

The practical application of bond portfolio immunization to investors is that immunization

A) allows aggressive traders to eliminate the price effects caused by interest rate changes.
B) allows investors to derive a specified rate of return from bond investments for a given investment horizon.
C) eliminates the possibility of losing money due to a company defaulting on its bond payments.
D) allows investors to passively manage their bond portfolio once it is initially immunized.