chapter 7

If Salma expects market interest rates to decline, what type of bonds should she buy?
A. Short-term, Low coupon. B,Long-term, high coupon. C. Short-term, high coupon. D Long-term, low coupon. Answer: D
老师， 我知道应该选 Long-term，因为长期债券价格会上涨更多， 但为什么选低利息债？