单选题
If market interest rates rise, the price of a callable bond, compared to an otherwise identical option-free bond, will most likely: ()
A、
Increase by less than the option-free bond.
B、
Decrease by less than the option-free bond.
C、
Decrease by more than the option-free bond.
D、
Decrease by the same amount as the option-free bond.
【正确答案】
B
【答案解析】
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