The main purpose of a bond ladder is to
A) lessen the effects of changes in interest rate
B) achieve the highest level of capital gains possible
C) maintain a highly liquid portfolio
D) offset the effects of bond duration
Answer: A
The main purpose of a bond ladder is to
A) lessen the effects of changes in interest rate
B) achieve the highest level of capital gains possible
C) maintain a highly liquid portfolio
D) offset the effects of bond duration
Answer: A