Fairmont Golf issued fixed rate debt when interest rates were 6 percent. Rates have since risen to 7 percent. Using only the carrying amount (based on historical cost) reported on the balance sheet to analyze the company’s financial position would most likely cause an analyst to: A overestimate Fairmont’s economic liabilities. B underestimate Fairmont’s economic liabilities. C underestimate Fairmont’s interest coverage ratio. 请问C如何分析？ 谢谢

police rate是不是就是联邦基金利率，也是同业拆借利率？

On 1 January 2010, Elegant Fragrances Company issues £1,000,000 face value, five-year bonds with annual interest payments of £55,000 to be paid each 31 December. The market interest rate is 6.0 percent. Using the effective interest rate method of amortisation, Elegant Fragrances is most likely to record: an interest expense of £55,000 on its 2010 income statement. B a liability of £982,674 on the 31 December 2010 balance sheet. C a £58,736 cash outflow from operating activity on the 2010 statement of cash flows. 麻烦写一下计算过程，并且解释一下C错在哪儿（我觉得B&C都对）？ 谢谢

在R28课后题的题目和答案中，我发现所有coupon payment全表述成了interest payment，这种表述让我会搞混interest payment和interest expense。能否解释什么区别？为什么coupon payment可以叫做interest payment？ 谢谢

BC不太明白

A firm issues a bond with a coupon rate of 5.00% when the market interest rate is 5.50% on bonds of comparable risk and terms. One year later, the market interest rate increases to 6.00%. Based on this information, the effective interest rate is: A 5.00%. B 5.50%. C 6.00%. effective interest rate在bond这章到底是怎么定义的？ 谢谢

这边书上写的：J曲线描述的时滞问题，就是经常账户顺差导致本币贬值…和前几行：经常账户顺差，则本币升值…是不是矛盾了？

这边书上写的：J曲线描述的时滞问题，就是经常账户顺差导致本币贬值…和前几行：经常账户顺差，则本币升值…是不是矛盾了？

那请问老师什么情况下是make the market

什么时候用EAR公式，什么时候直接除以题目给出的期数？