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第19题解题思路是什么

05.单选题 已收藏 标记 纠错 Which of the following covenants can protect bondholders against the dilution of their claims? is a restriction on: A Restriction on interest coverage ratio. B Restriction on investments. C Restriction on mergers and acquisitions. 查看解析 上一题 下一题 正确答案A 您的答案A本题平均正确率：39% Covenants难度：一般 推荐：      答案解析 A is correct. A restriction on debt typically takes the form of a maximum accept-able debt usage ratio or a minimum acceptable interest coverage ratio. Thus, it limits the issuer's ability to issue new debt that would dilute the bondholders' claims. B and C are incorrect because they are covenants that restrict the issuer's business activities by preventing the company from making investments or being taken over, respectively. 问： the dilution of their claims这个短语什么意思？题干怎么翻译，没读懂？

04.单选题 收藏 标记 纠错 Relative to negative bond covenants, positive covenants are most likely: A legally enforceable. B cheaper for the issuers. C enacted at the time of the bond issue. 查看解析 上一题 下一题 正确答案B 您的答案C本题平均正确率：35% Covenants难度：一般 推荐：      答案解析 B is correct. Positive (or affirmative) covenants are typically administrative in nature and do not impose additional costs on the issuer, whereas negative covenants are frequently costly. B选项更便宜这块可否再解释一下？

第12题解题思路是什么

老师，我想问一下这个公式在基础班PPT的哪里？Equity这章貌似没有提到preferred stock value公式。谢谢！

是不是这样：carrying value大于tax base，产生dtl；反之产生dta？

第32题 这三种资产的相关系数分别是什么样的？怎么看出来的？ 谢谢老师

第12，13，14题 第13题的capital gain distribution是什么？

第12，13，14题 第13题capital gain distribution 是什么？