CFA考試你準(zhǔn)備練習(xí)的如何？CFA知識(shí)點(diǎn)的掌握如何？今天我們學(xué)習(xí)財(cái)報(bào)中的-長(zhǎng)期負(fù)債專題，不知道你這一塊的知識(shí)點(diǎn)掌握的如何？做一做練習(xí)題就知道了！

... If ... issue zero-coupon bonds, its debt-to-equity ratio will most likely:

A. rise as the maturity date approaches.

B. decline as the maturity date approaches.

C. remain constant throughout the life of the bond.

解析：選A。隨時(shí)間推移，零息債券的負(fù)債價(jià)值增加（賬面上每期有利息費(fèi)用），權(quán)益減少。


Fairmont Golf issued fixed rate debt when interest rates were 6 percent. Rates have since risen to 7 percent. Using only the carrying amount (based on historical cost) reported on the balance sheet to analyze the company’s financial position would most likely cause an analyst to:

A. overestimate Fairmont’s economic liabilities.

B. underestimate Fairmont’s economic liabilities.

C. underestimate Fairmont’s interest coverage ratio.

解析：選A。利率上升 → 債券價(jià)值下降 → 債券賬面價(jià)值 > 市場(chǎng)價(jià)值。公司可以以低于賬面價(jià)值的價(jià)格回購債券 → 高估經(jīng)濟(jì)負(fù)債。即，利率上升讓債券更便宜，用不了那么多錢，所以高估了要用的錢的數(shù)量。C項(xiàng)，因?yàn)閭且怨潭ɡ拾l(fā)行的，所以對(duì)利息覆蓋沒有影響。

CFA考試題是不是做的很好呢？考生在備考CFA考試掌握練習(xí)的考試題有多少呢？融躍為考生準(zhǔn)備了CFA考試題庫輔助考生練習(xí)，有需要可以在線咨詢或者添加老師微信。