Question: If you know the interest rate will be very volatile in the near future but you do not know which direction it will go, what
If you know the interest rate will be very volatile in the near future but you do not know which direction it will go, what will you do if your invest style very conservatively as a fixed income portfolio manager?
A. Hold the bonds
B. Sell short term bond
C. Sell long term bond
D. Buy long term bond
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