单选题 Which of the following investors faces the least inflation risk? An investor whose portfolio is concentrated in:
【正确答案】 C
【答案解析】Inflation risk refers to the possibility that prices of general goods and services will increase in the economy. Empirical evidence shows that equity securities, or stocks, have the least inflation risk of the investments listed here. Since fixed coupon bonds pay a constant coupon, increasing prices erode the buying power associated with bond payments.