题目
Stedsmart Ltd and Fignermo Ltd are alike with respect to financial and operating characteristics, except that Stedsmart Ltd has less publicly traded debt outstanding than Fignermo Ltd. Stedsmart Ltd is most likely to have:
选项
A.no market liquidity risk.
B.lower market liquidity risk.
C.higher market liquidity risk.
答案
C
解析
： C is correct. Market liquidity risk refers to the risk that the price at which investors transact may be different from the price indicated in the market. Market liquidity risk is increased by (1) less debt outstanding and/or (2) a lower issue credit rating. Because Stedsmart Ltd is comparable to Fignermo Ltd except for less publicly traded debt outstanding, it should have higher market liquidity risk. ： 这道题目问的是S公司和F公司在财务和经营特征方面相似，但S公司在外公开交易的债券少于F公司。S公司最有可能是： C是正确的。市场流动性风险是指投资者交易的价格可能与市场上标明的价格不同的风险。市场流动性风险增加会因为（1）在外交易的债券少或（2）发行信用评级降低。由于S公司与F公司具有可比性，除了在外公开交易的债券较少，所以它应该具有更高的市场流动性风险。