Pension fund managers can generally best bring about an effective reduction in their interest rate risk by holding ___________________.

Pension fund managers can generally best bring about an effective reduction in their interest rate risk by holding ___________________.

Pension fund managers can generally best bring about an effective reduction in their interest rate risk by holding ___________________. 



A. long-maturity bonds

B. long-duration bonds

C. short-maturity bonds

D. short-duration bonds


Answer: B