NO.PZ2020033003000089
问题如下:
Audrey and Belinda had a discussion on the risk mitigation process for a collateralized debt obligation (CDO).
Audrey: Lower-rated issues can be restructured into highly-rated debt instruments, in which way default risk is reconstituted.
Belinda: The equity tranche has the highest return and bears the little default risk.
Whose statement(s) is (are) most accurate?
选项:
A. Audrey only.
B. Belinda only.
C. Both Audrey and Belinda.
D. Neither Audrey nor Belinda.
解释:
A is correct.
考点:CDO
解析:
Audrey is correct.
Belinda is incorrect.
The equity tranche offers the highest return potential but with no certain return and bears the highest level of default risk.
如题,没懂A选项,麻烦解释一下,谢谢