NO.PZ2022090805000002
问题如下:
Using the debt-rating approach to find the cost of debt is most appropriate when market prices for a company’s debt are:选项:
A.below par value. B.unreliable. C.stable.解释:
SolutionB is correct. The debt-rating approach is used when the market prices for debt are unreliable or nonexistent.
A is incorrect because prices below par value is not an indicator of a price being unreliable.
C is incorrect because stable prices imply reliable prices.