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[单选题]

A long-term bond investor with an investment horizon of 8 years invests in option-free, fixed-rate bonds with a Macaulay duration of 10.5. The investor most likely currently has a:

A.Positive duration gap and is currently exposed to the risk of lower interest rates.

B.Negative duration gap and is currently exposed to the risk of higher interest rates.

C.Positive duration gap and is currently exposed to the risk of higher interest rates.

参考答案与解析：

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