NO.PZ2016021705000036
问题如下:
An analyst gathered the following information about a private company and its publicly traded competitor:
Using the pure-play method, the estimated equity beta for the private company is closest to:
选项:
A.1.029.
B.1.104.
C.1.877.
解释:
C is correct.
Inferring the asset beta for the public company: unlevered beta = 1.75/[1 + (1 − 0.35) (0.90)] = 1.104. Relevering to reflect the target debt ratio of the private firm: levered beta = 1.104 × [1 + (1 − 0.30) (1.00)] = 1.877.
关于asset beta、equity beta,以及pure-play method没有了解到,在哪里可以补习一下这个内容啊?