问一道题：NO.PZ2016031001000135 [ CFA I ]

NO.PZ2016031001000135 问题如下 Stemart LtanFignermo Ltare alike with respeto financianoperating characteristics, except thStemart Lthless publicly traoutstanng thFignermo Lt Stemart Ltis most likely to have: A.no market liquity risk. B.lower market liquity risk. C.higher market liquity risk. C is correct.Market liquity risk refers to the risk ththe priwhiinvestors transamfferent from the priincatein the market. Market liquity risk is increase(1) less outstanng anor (2) a lower issue cret rating. Because Stemart Ltis comparable to Fignermo Ltexcept for less publicly traoutstanng, it shoulhave higher market liquity risk. 考点Market Liquity Risk解析债券发行量大，市场流动性风险小；反之，债券发行量小，市场流动性风险大，故C正确。

    不太明白为什么发行的债权少，流动性风险会大，发行在外的债权少了难道不是流动性风险也会小么？