老师解释得不对，应该是不可剥离的无形资产

减值后，是不是B/S上仍然有，而I/S上要体现LOSS ?

C说的也对，请老师帮忙解释下为什么不对

charge 此处什么意思

COUPON RATE 等于YTM？？。YTM不是到期收益率么，怎么跟COUPON RATE 等起来了

房地产企业造楼的利息作为存活的一部分？

YTW不是应该吧一年和两年的CY EY YTM 都算出来然后找最低的吗

21.单选题 已收藏 标记 纠错 Assume an option-free 5% coupon bond with annual coupon payments has two years remaining to maturity. A putable bond that is the same in every respect as the option-free bond is priced at 101.76. With the term structure flat at 6% what is the value of the embedded put option? A 1.76. B 3.59. C -3.59. 查看解析 上一题 下一题 正确答案B 您的答案A本题平均正确率：62% Callable bond and putable bond难度：一般 推荐：      答案解析 The value of the embedded put option of the putable bond is the difference between the price of the putable bond and the price of the option-free bond. The value of the option-free bond is computed as follows: PMT = 5; N = 2; FV = 100; I = 6; CPT → PV = -98.17(ignore sign). The option value = 101.76 - 98.17 = 3.59 问：V putable= V free + V option这是公式吧，所以感觉带入的不对啊，它怎么把free的带到了公式左边？

16.单选题 已收藏 标记 纠错 Which of the following is the benefit of issuing bonds through a special purpose vehicle? A Bankruptcy remoteness. B Beneficial tax treatments. C Greater liquidity and lower issuing costs. 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：92% Legal information难度：一般 推荐：      答案解析 A SPV is a bankruptcy-remote vehicle. Bankruptcy remoteness is achieved by transferring the assets from the sponsor to the SPV. Once this transfer is completed, the sponsor no longer has ownership rights. If the sponsor defaults, no claims can be made to recover the assets that were transferred or the proceeds from the transfer to the SPV. 问：这里说的破产隔离是对谁的好处，哪个主体，银行，投资人还是spv?

11.单选题 收藏 标记 纠错 Consider a floating rate issue that has a coupon rate that is reset on January 1 of each year. The coupon rate is defined as one-year London Interbank Offered Rate (LIBOR) + 125 basis points and the coupons are paid semi-annually. If the one-year LIBOR is 6.5% on January 1, which of the following is the semi-annual coupon payment received by the holder of the issue in that year: A 3.875%. B 3.250%. C 7.750%. 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：70% Coupon payment structures难度：一般 推荐：      答案解析 This value is computed as follows: Semi-annual coupon = (LIBOR + 125 basis points) / 2 = 3.875% 问：解析被删，求详细解释？