導(dǎo)讀：每次考試結(jié)束ACCA考官都會(huì)依據(jù)本次考試考生的總體體現(xiàn)狀況寫陳述，具體分析學(xué)生在答題過(guò)程中呈現(xiàn)的問(wèn)題，總結(jié)學(xué)生在備考該門類時(shí)大概留意的事項(xiàng)，高頓網(wǎng)校的小編為大家整理了F9考官陳述：
　　Question Four （c）
　　Candidates were asked to calculate three values: the before-tax market value of a bond, book-value debt/equity ratio and market value debt/equity ratio; and to discuss the usefulness of the debt/equity ratio in assessing financial risk. The before-tax market value of the bonds was often calculated correctly as the sum of the present values of the future interest payments on the bond and the present value of the redemption value of the bond. Occasional errors were made by selecting the wrong discount rate for the bond, or by using the wrong maturity period. Book value debt/equity ratio was more frequently calculated correctly than market value debt/equity ratio. Errors in the calculation of both ratios were sometimes made by including current liabilities in the numerator with the debt. Book value debt/equity ratio includes reserves, while market value debt/equity ratio excluded reserves, and some calculations made mistakes in this area. Discussions of the usefulness of the debt/equity ratio in assessing financial risk were often disappointing. Many discussions did not explain the nature of financial risk and showed a lack of awareness that a calculated debt/equity ratio needs a basis of comparison to have meaning. Few discussions noted that financial risk could also be assessed by interest cover.
 
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