The Main Purpose of a Bond Ladder Is to

question 47

Multiple Choice

The main purpose of a bond ladder is to

• A)lessen the effects of changes in interest rates.
• B)achieve the highest level of capital gains possible.
• C)maintain a highly liquid portfolio.
• D)offset the effects of bond duration.

---

Definitions:

Dialysis

Removal of the products of urine from the blood by passage of the solutes through a membrane.

Cystitis

An inflammation of the bladder, often caused by a bacterial infection, leading to symptoms such as frequent urination and pain.

Nephrotic Syndrome

Term applied to renal disease of whatever cause characterized by massive edema, proteinuria, and usually elevation of serum cholesterol and lipids.