NO.PZ2023120801000010
问题如下：
Which of the following is the best contingency feature Digistrype could add to mitigate its own concerns regarding lower interest rates?
选项：
A.
Add a call provision to the proposed new debt
B.
Add a put provision to the proposed new debt
C.
Add a step-up coupon to the proposed new debt
解释：
Correct Answer: A
A call provision gives Digistrype the right to redeem all or part of the bond prior to maturity if interest rates decline, so new debt could be issued at a lower cost.
B is incorrect because a put provision grants investors, not issuers, the right to redeem debt prior to maturity but would not be exercised if interest rates fell, because a put provision is intended to limit investor’s downside, not upside.
C is incorrect; a step-up coupon is not a contingency provision.
请问step up coupon是什么意思？
