NO.PZ2023090504000023
问题如下:
Regarding the potential for conflict between debtholders and shareholders, it is:
选项:
A.
less pronounced with long-term debt due to stable business conditions over time.
B.
equally present in both long-term and short-term debt because of the inherent differences in their claims.
C.
more pronounced with long-term debt due to the exposure to changing business conditions and strategies over time.
解释:
A is incorrect because the potential for conflict between debtholders and shareholders actually increases with long-term debt. This is because over time, long-term debt exposes debtholders to a greater range of possible changes in business conditions, strategies, and management behavior, which can increase the risk of not meeting debt obligations.
B is incorrect as the nature of the conflict between debtholders and shareholders varies with the term of the debt. Long-term debt specifically heightens the potential for conflict due to the longer exposure to varying business conditions and strategic decisions that could affect the company's ability to meet its debt obligations.
C is correct because long-term debt significantly increases the potential for conflict between debtholders and shareholders. The longer timeframe of long-term debt means debtholders are more exposed to changes in the company's business conditions, strategies, and management decisions, leading to greater uncertainty and risk. As a result, long-term creditors often seek to impose contractual limits to protect their interests, highlighting the increased potential for conflict over time.
这个题不是在问债券持有人和股票持有人的区别吗,但是选项感觉都是在说长期债和短期债的差别