长期债券成本
长期债券成本-
很多保险公司拥有的长期债券按已摊销成本计算是其净资产的两到三倍。
Many insurers own long-term bonds that , at amortized cost , amount to two to three times net worth .
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发行长期债券可以降低交易成本，但债券期限越长，代理成本就越高。
Transaction costs associated with bond issues can be reduced by issuing bonds with longer terms to maturity . However , the longer the term to maturity , the higher the agency costs associated with the issue .