NO.PZ202209060200004106
问题如下：
Which of the following strategies would Maestre most likely recommend for retiring the Cávado bond?选项：
A.Bond tender offer B.Cash flow matching with government bonds C.Duration matching with corporate bonds解释：
SolutionA is correct. Because the outstanding bond issue can likely be purchased for a small premium over market value, there is no reason to engage in a more complicated and likely more expensive retirement process using a cash flow-matching or duration-matching strategy.
B is incorrect because there is no need to engage in the more complicated process when the outstanding bond issue can be purchased at little premium.
C is incorrect because there is no need to engage in the more complicated process when the outstanding bond issue can be purchased at little premium.
tend offer 和 CF MATCHING 是不是 都可以accounting defeasement？ 只是因为这道题说，从市场上买回债券溢价很小，所以tend offer更为合适。 CF matching 不合适的原因是因为构建起来比较复杂？
