NO.PZ2023052301000012
问题如下:
Which of the following is not a reason why issuers elect to issue long-term debt as opposed to short-term debt?
选项:
A.
More stable funding for short-term activities
B.
Lower interest rates for longer maturities for a given issuer
C.
More stable funding for long-term needs, such as capital investments
解释:
B is correct. Under normal market conditions, longer maturities are associated with both higher interest rates (yields-to-maturity on government bonds) and higher credit spreads for a given issuer. A is incorrect because long-term debt provides more stable funding for short-term activities. C is incorrect because long-term debt provides more stable funding for long-term needs, such as capital investments.
这里的a为什么是正确的 应该怎么理解