Bob expects to retire in a few years and his primary goal is to avoid major losses in his 401-K account. Which of the following bond characteristics should he be seeking?
I. long maturities
II. high ratings
III high yields
IV. short maturities
A) I and III only
B) I, III and III only
C) II and IV only
D) II, III and IV only
Answer: C
Business
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