All else being equal in a rising interest rate environment the price of a floating-rate

问题补充：

单项选择题:

All else being equal, in a rising interest rate environment, the price of a floating-rate security will mo.st likely decline if:

A. there is no cap.

B. the margin required by investors declines.

C. the coupon is reset every six months rather than monthly.

答案：

答案：C

解析: 如果没有利率顶(CAP)就会降低利率风险，利率上升，息票率也随之上升，价格不会下跌。如果投资者要求的收益差(margin)减少，会提高浮动利率债券的价格，而不是降低。息票每6个月设定一次而不是每个月设定一次，在利率上升的情况下，浮动利率证券无法反映最新的市场利率，会造成其价格下跌。