Which of the following has the least interest rate risk? - 4580

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Which of the following has the least interest rate risk?

a.A six-month unsecured promissory note from International Harvester

b.An eight-year investment certificate from a federally insured bank

c.A 15-year U.S. Treasury bond

d.An AT&T bond maturing in 2010

Interest rate risk is the possibility that rates will change.

 
Solution Description

Which of the following has the least interest rate risk?