问题如下图：
选项：
A. 
B. 
C. 
解释：
老师上课不是说延迟债券最大的好处是避税吗？这道题如何理解？
NO.PZ2016031001000025 cash flow management. originissue scount price. B is correct. ferrecoupon bon pno coupon for their first few years but then phigher coupons ththey otherwise normally woulfor the remainr of their life. ferrecoupon bon are common in projefinancing when the assets being velopemnot generate any income ring the velopment phase, thus not proving cash flows to make interest payments. A ferrecoupon bonallows the issuer to linterest payments until the projeis completeanthe cash flows generatethe assets cuseto servithe bt.从Tax角度也有好处吧
cash flow management. originissue scount price. B is correct. ferrecoupon bon pno coupon for their first few years but then phigher coupons ththey otherwise normally woulfor the remainr of their life. ferrecoupon bon are common in projefinancing when the assets being velopemnot generate any income ring the velopment phase, thus not proving cash flows to make interest payments. A ferrecoupon bonallows the issuer to linterest payments until the projeis completeanthe cash flows generatethe assets cuseto servithe bt. 请问对投资人来说怎么样避税呢？
两个问题1.为什么对INVESTORS来讲，可以避税2.C是什么意思呢？我理解的是IISUERS可以以SCOUNT PRICE发型，感觉也是一个好处。
、我看讲义说的是te clayed
为什么是现金流管理？
