Which of the Following Bond Buyers Did Not Buy the Bond

Multiple Choice

Which of the following bond buyers did not buy the bond that best met their 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 that was unlikely to have 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.