NO.PZ2020033002000027
问题如下：
In the event of a default, the loss rate can be significantly influenced by the volatility of the value of a firm’s assets before default. All other things being equal, which type of company is expected to suffer the lowest loss rate?
选项：
A.
A trading company active in volatile markets
B.
An internet company who has an eCommerce platform.
C.
An asset-intensive manufacturing company
D.
A highly leveraged hedge fund
解释：
C is correct.
考点：Loss rate
解析：
The loss rate is lower when the assets of the firm in default consist of tangible assets that can be resold easily. So C is the best answer.
A is incorrect. More volatile assets mean that there is a greater probability of a fall in market value upon liquidation.
B & D are incorrect. Internet companies and hedge fund tend to have more intangible assets.
请问这一题的考点以及能否详细解释下选项，谢谢
