题目
For the issuer, a sinking fund arrangement is most similar to a:
选项
A.term maturity structure.
B.serial maturity structure.
C.bondholder put provision.
答案
B
解析
： B is correct. With a serial maturity structure, a stated number of bonds mature and are paid off on a pre-determined schedule before final maturity. With a sinking fund arrangement, the issuer is required to set aside funds over time to retire the bond issue. Both result in a pre-determined portion of the issue being paid off according to a pre-determined schedule. ： B是正确的。在连续到期结构下，一定数量的债券到期，并在最终到期前按预先确定的时间表偿还。根据偿债基金安排，发行人须在一段时间内拨出资金以偿还债券。这两种情况都会导致预先确定部分按照预先确定的时间表得到偿付。