Which of the following bond buyers did not buy the bond that best met his or her objective?
A) Mia wanted a bond with a high interest rate and was willing to take a lot of risk.She purchased a junk bond.
B) Anna wanted a bond that would let her best avoid federal income taxes.She purchased a municipal bond.
C) Bill wanted to purchase a bond whose seller was unlikely to default.He purchased a bond that Standards and Poor's rated a low credit risk.
D) Toby held long-term bonds rather than short-term ones to avoid risk.
Correct Answer:
Verified
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