因此一旦现金流不及利息支出所需，这些证券就面临重组——而持有这些债券的投资者将付出高昂代价。

So if the cash flows fall short of the interest payments, they need to be restructured — at a big cost to the investors who own them.

youdao

例如，无论你是制作者或是使用者，要是你知道一个零票息债券10年内到期，你会如何利用隐含利率去计算出每期间的利息支出呢？

For example, as a preparer or user, knowing that a zero-coupon bond matures in 10 years, how do you use the implicit interest rate to compute the periodic interest expense?

youdao

500强公司还通过降低利息支出实现了增效，包括用利润偿还债务以及以极低利率发行新债券这两种方式。

The 500 also reaped major rewards from lowering interest payments, both by tapping bigger earnings to reduce debt and by issuing new bonds at bargain rates.

youdao

500强公司还通过降低利息支出实现了增效，包括用利润偿还债务以及以极低利率发行新债券这两种方式。

The 500 also reaped major rewards from lowering interest payments, both by tapping bigger earnings to reduce debt and by issuing new bonds at bargain rates.

youdao