NO.PZ202210140300000105
问题如下：
Which of Chang’s colleague’s three statements is correct?
选项：
A.Statement 1
Statement 2
Statement 3
解释：
B is correct. An advantage of the comparable company analysis method is that estimates of value are derived directly from the market. This approach is unlike the discounted cash flow method, in which the value is determined based on many assumptions and estimates.
A is incorrect because the comparable company analysis method is sensitive to market mispricing. As an example, suppose that all the comparable companies are currently overvalued by the market. A valuation relative to those companies may suggest a value that is too high in the sense that values would be revised downward upon a correction.
C is incorrect because the comparable company analysis method provides a reasonable approximation of a target company’s value relative to similar companies (not transactions) in the market. It assumes that “like” assets should be valued on a similar basis in the market.
他不是三个部门取行业中位数吗？中位数不就是对mispricing不敏感吗？
