The Problem in Stretching Out the Maturity of Marketable Securities

Multiple Choice

The problem in stretching out the maturity of marketable securities is that

A) you are legally locked in until the maturity date.
B) longer-term securities always make less interest than shorter-term securities.
C) there is a greater possibility that the value of the security will drop because of interest rate fluctuations.
D) interest rates are generally lower over time.