第15题 以及这个model是什么？

第12题解题思路是什么

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?

第8题解题思路是什么

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？

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

2错在哪，谢谢您

课后题，read33第7题，为什么不能用B选项，他有大量的工厂固定资产？谢谢老师

Ha g是不是应该-2～0 不然b1是-2的话还是发散的吧

Offsetting trade 是反向合约的意思？