单选题 If expected yield volatility increases, the price of a(n)

A、

A. put-able bond will increase.
B、

B. callable bond will increase.
C、

C. embedded put option will decrease.

【正确答案】 A

【答案解析】Increasing yield volatility increases the value of both put options and call options, which decreases the value of a put-able bond but decreases the value of a callable bond.