A municipal bond portfolio shows the following:
25M,
New York State 5% General Obligation bonds,
M '20,
rated A1
15M,
New York City 8% General Obligation bonds,
M '29,
rated BBB+
40M,
Syracuse N.Y., 9% Housing Revenue bonds,
M '25,
rated AA-
20M,
New York Port Authority 8% Revenue bonds,
M '34,
rated AAA
This portfolio is diversified as to all of the following EXCEPT:
A. issuer
B. credit quality
C. geography
D. maturity