融资租赁的cfo比经营租赁的cfo要少，但为什么老师说是融资租赁下的cfo来得高呢？

老师，这张图里面的知识点是想说明什么呢？怎么用呢?没看明白，特别是callable and putable convertible bond value, 这个拐得有点弯了，不知道有什么用呢？现实生活中也会用到吗？麻烦老师解释一下。

老师好 请问书后题里显示“interest expense is tax-deductible”是什么意思呢

老师，原版书课后题P288 第28题答案，AI bond interest rate shifts down by 30bps, 为什么后来计算PV-时，所有interest rate 要加上 30bps，不是应该减掉30 bps吗？谢谢老师

03.单选题 已收藏 标记 纠错 According to the following statements about auto loan Receivable-backed securities, which statement is not correct? A A subprime loan is one granted to borrowers with higher credit quality. B The purpose of a reserve account is to provide internal credit enhancement. C Overcollateralization means that the aggregate principle balance of the automobile loan contracts exceeds the principle balance of the notes. 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：69% Non-mortgage asset-backed securities难度：一般 推荐：      答案解析 A subprime loan is one granted to borrowers with lower credit quality. 问：C这句话怎么翻译，怎么理解？ 我对过度抵押的理解是，我买了一辆车50w，抵押了我家的房子500w，但是和C应该没关系?C在说什么 请问？

老师 这个OCI里除了4+2之外，还会额外加上NI 在里面吗？

老师好，请问OCI是在哪个会计报表里显示？

老师好，请问这个公式是上课讲的，如果正确为什么还要减去cash，按理说total capital＝ equity+ debt , 即去掉非付息债务的debt.

01.单选题 已收藏 标记 纠错 The collateral for credit card receivable-backed securities are: A non-amortizing loans. B full-amortizing loans C mortgage-backed loans 查看解析 下一题 正确答案A 您的答案A本题平均正确率：79% Non-mortgage asset-backed securities难度：一般 推荐：      答案解析 The collateral for auto loan-backed securities are loans that fully amortize, however the collateral for credit card receivable-backed securities are non-amortizing loans. Auto loan-backed securities’ principle is distributed to the bond classes each month, and the amount of the outstanding pool balance declines over time. 问：这里说的 信用卡摊销 究竟是什么意思？ 比如：我信用卡额度1w 这个月刷了5000，我可以一次性 还清5000，也可以分期还款。请问这里说的摊销指什么，没有搞清楚在说哪一方

03.单选题 已收藏 标记 纠错 In the context of commercial mortgage-backed securities (CMBS) which of the following mechanisms is most likely a structural call protection? A Prepayment lockouts. B Yield maintenance charges. C Sequential-pay tranches. 查看解析 上一题 下一题 正确答案C 您的答案C本题平均正确率：56% CMBS难度：一般 推荐：      答案解析 C is correct. A structural call protection can be achieved in a CMBS when it is structured to have sequential-pay tranches by credit rating. A is incorrect because prepayment lockouts are a call protection mechanism offered to investors at the loan level. B is incorrect because yield maintenance charges are a call protection mechanism offered to investors at the loan level. 问：问题和本题可能没太大关联，maintain yield说的是折现，但是具体什么意思 怎么操作没有理解，可否简单解释一下？还有它贴现 是以哪个r贴现，怎么就能使投资人还是银行不损失？