NO.PZ2021120102000017
问题如下:
An active manager is considering the senior bonds of one of several corporate issuers. Holding other factors constant, which of the following key financial ratio changes would lead the manager to expect a decrease in the POD for that issuer?
选项:
A.An increase in the issuer’s coverage ratio
An increase in the issuer’s stock price volatility
An increase in the issuer’s leverage ratio
解释:
A is correct. The coverage ratio measures cash flow available to service debt, with a higher ratio indicating a lower probability of financial distress.
请问c选项错在哪里