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Dang.D · 2022年05月05日

为啥不选C呢

NO.PZ2018062006000025

问题如下:

Which type of bond is a reasonable choice for a company that is financing a large project and will generate cash flows after a period of time?

选项:

A.

A floating rate note.

B.

A deferred coupon bond.

C.

A capital-index bond.

解释:

B is correct.

The coupon payments of a deferred coupon bond are deferred for a number of years. It is favorable for financing projects that will not generate any revenue until it is completed. When the revenues are generated after the project is completed, the cash flows from the project and assets can be used to pay the coupon.

考点:deferred coupon bond

解析:deferred coupon bond模拟了项目投资的现金流,发行这种债券,期初当项目没有现金流入时,不需要给投资者支付coupon,后期再支付coupon,故B选项正确。

从题干的意思来看我,我感觉C也是正确的,麻烦老师一下,谢谢

1 个答案

吴昊_品职助教 · 2022年05月06日

嗨,从没放弃的小努力你好:


这道题说的就是deferred coupon bond的定义,和选项C无关。

发行这种债券,初期当项目没有现金流入时,债券发行人不需要给投资者支付coupon,这样就可以缓解发行人的流动性压力。

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努力的时光都是限量版,加油!