Mary is a retired widow who is financially dependent upon


Mary is a retired widow who is financially dependent upon the interest income produced by her bond portfolio. Which one of the following bonds is the least suitable for her to own?

6-year, putable, high coupon bond
5-year TIPS
10-year AAA coupon bond
5-year floating rate bond
7-year income bond

 

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Finance Basics: Mary is a retired widow who is financially dependent upon
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