单选题 An analyst does research about various risks between callable bond and optionfree bond. Compared to an otherwise identical callable bond, an option-free bond is least likely to be affected by:
A. event risk.
B. liquidity risk.
C. volatility risk.

【正确答案】 C
【答案解析】[解析] 波动性风险会影响债券所含的期权价值,对于不含权的债券则没有影响,但是不含权的债券仍然受到事件风险和流动性风险的影响。