Large fluctuations in interest rates lead to
A. substantial capital gains and losses to owners of securities.
B. greater uncertainty about returns on investments.
C. greater interest-rate risk.
D. all of the above.
Answer:D
Large fluctuations in interest rates lead to
A. substantial capital gains and losses to owners of securities.
 B. greater uncertainty about returns on investments.
 C. greater interest-rate risk.
 D. all of the above.
