Multiple Choice
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, regardless of the risk. She purchased a junk bond.
B) Anna wanted the least risky bond available. She purchased a federal bond.
C) Bill wanted to purchase a bond that was unlikely to default. He purchased a bond that Standard & Poor's rated a low credit risk.
D) To reduce risk, Toby purchased a bond with a date of maturity far in the future.
Correct Answer:

Verified
Correct Answer:
Verified
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