单选题 An analyst does research about reinvestment risk. Which of the following securities is most likely to be subject to reinvestment risk during the period of time between issuance and maturity?
A. Treasury bills.
B. Treasury notes.
C. Treasury coupon strips.

【正确答案】 B

【答案解析】[解析] Treasury bills是美国国库券，是短期债券，而且是完全折价债券，到期前没有利息，到期时一次还本，所以没有再投资风险；Treasury coupon strips是美国本息剥离的国债，投资银行将美国的中长期国债的每一笔利息和本金拆分成不同期限的完全折价债券，所以也没有再投资风险；而Treasury notes是美国中期国债，每半年发放一次利息，会有再投资风险。