QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS.

102. Which of the following statements is most accurate about the volatility risk? A. Volatility risk in callable bonds and putable bonds occur due to decrease and increase in expected yield volatility respectively B. Volatility risk in callable bonds and putable bonds occur due to an increase and decrease in C. Volatility risk in both callable bonds and putable bonds occur due to an increase in expected yield volatility