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

Verified
Correct Answer:
Verified
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