Which of the following bond mutual funds has both the highest default risk and the highest interest rate risk?

Name: Which of the following bond mutual funds has both the highest default risk and the highest interest rate risk?
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Question

Quizplus · Accepted Answer

Long-term high-yield bonds typically offer higher interest rates to compensate for their higher default risk, and their long-term nature increases their sensitivity to interest rate changes, thus exposing them to higher interest rate risk.

Which of the Following Bond Mutual Funds Has Both the Highest