单选题

Given two otherwise identical bonds, when interest rates rise, the price of Bond A declines more than the price of Bond B. Compared with Bond B, Bond A most likely:

A、 has a shorter maturity.
B、 is callable
C、 has a lower coupon.

【正确答案】 C

【答案解析】

The lower the coupon rate, the more sensitive the bond's price is to changes in interest rates.