Susie · 2023年03月28日

对应知识点大概印象有，但是不是太清晰

1. CFA I
2. Corporate Issuers

NO.PZ2022090805000002

问题如下：

Using the debt-rating approach to find the cost of debt is most appropriate when market prices for a company’s debt are:

选项：

A.below par value. B.unreliable. C.stable.

解释：

Solution

B is correct. The debt-rating approach is used when the market prices for debt are unreliable or nonexistent.

A is incorrect because prices below par value is not an indicator of a price being unreliable.

C is incorrect because stable prices imply reliable prices.