Question

Investors using a passive bond investment strategy will need to I. buy or sell in anticipation of expected changes in interest rates. II. replace bonds as they mature. III. replace bonds as they are called. IV. replace bonds when major changes in risk ratings occur.

Answer 1

Answer:

II. Replace bonds as they mature.

and

III. Replace bonds as they are called.

and

IV. Replace bonds when major changes in risk ratings occur.