题目
Investors seeking some general protection against a poor economy are most likely to select a:
选项
A.deferred coupon bond.
B.credit-linked coupon bond.
C.payment-in-kind coupon bond.
答案
B
解析
： B is correct. A credit-linked coupon bond has a coupon that changes when the bond’s credit rating changes. Because credit ratings tend to decline the most during recessions, credit-linked coupon bonds may thus provide some general protection against a poor economy by offering increased coupon payments when credit ratings decline. ： B是正确的。与信用挂钩的息票债券有一张息票，当债券的信用评级发生变化时，该息票会发生变化。由于信用评级在衰退期间往往下降最多，因此，信用挂钩息票债券可能在信用评级下降时提供更多的息票支付，从而提供一些抵御经济衰退的一般保护。