10.单选题 已收藏 标记 纠错 Assume that a convertible bond has a par value of $1,000,000 and is currently priced at $1,200,000. The underlying share price is $50,000 and the conversion ratio is 30:1. The conversion condition for this bond is: A parity. B above parity. C below parity. 查看解析 上一题 下一题 正确答案B 您的答案B本题平均正确率：89% Convertible bond难度：一般 推荐：      答案解析 The conversion value of the bond is 50,000 x 30 = $1,500,000. The price of the convertible bond is $1,200,000. 'Thus, the conversion value of the bond is greater than the bond's price, and this condition is referred to as above parity. 问：1.这里的5w$一股指的是转化价对吧？2.通常情况下，市场价应该比这个高对吧，就是市场价可能是5.5w$每股才会决定转？但是这道题考的不是什么时候转换，所以不用考虑，是这样吗？请逐次回答 谢谢

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？

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？

题目中提到了 once implement，既然已经实施了，就不应该算制定阶段的lag了！答案错了！

我要遭不住了，每个小节后面都有一堆还没有讲过的题，看半天发现不会做，听讲解发现听不懂。你们能不能整编一下，要么就把章节合并起来一起做题算了，这么多人从18年开始喊到现在，你们都无动于衷吗？

第三个贷款方式不懂！我的理解是应该先求用调整前的利率出30年的pmt，然后再用调整前的利率求出前27年的fv，则27年的fv就是后三年的pv，最后用调整后的利率5.5求出pmt

A选项怎么错了呀？

第四季度不是应该期末值减期初值，即（610-（670+20））/690？