可以解释一下A么

问题如下：

Which type of bond is a reasonable choice for a company that is financing a large project and will generate cash flows after a period of time?

选项：

A.step-up bond.

B.deferred coupon bond.

C.payment-in-kind coupon bond.

解释：

B is correct.

Issuers of deferred coupon bonds usually seek to conserve cash immediately following the bond issue, which may indicate lower credit quality or that the issuer is financing a construction project that does not generate income until completion.

考点：deferred coupon bond

解析：deferred coupon bond通常在发行后保留现金，这对那些在完成之前不会产生任何收入的项目来说是有利的。发行这种债券，期初当项目没有现金流入时，不需要给投资者支付coupon，后期再支付coupon，故B选项正确。