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欧阳亦琛 · 2024年03月10日

NO.PZ2023090507000006

问题如下:

The amount and type of financing needed or the weights in the WACC calculation depend on the issuer’s:

选项:

A.

business model.

B.

financial leverage.

C.

proportion of fixed cost to total costs.

解释:

A is correct. The amount and type of financing needed or the weights in the WACC calculation depend on the business model and the stage in the company’s life cycle. Some businesses require large amounts of assets and are capital intensive. Other business models require less assets and are capital light.

B and C are incorrect because the proportion of fixed assets to total costs (operating leverage) and financial leverage are issuer-specific factors that influence the component costs of debt and equity.

B为什么不对

1 个答案
已采纳答案

王琛_品职助教 · 2024年03月11日

嗨,从没放弃的小努力你好:


1

本题的考点是:影响资本结构的因素 Factors Affecting Capital Structure

分为两大类:影响【权重】的因素,和影响【资本成本】的因素

2

考查角度有两种

第一种是考查子分类的对应关系,比如这道题

第二种是考查子分类的知识点明细,比如商业模型的特征,公司生命周期的特点等等

3

选项 B 和 选项 C,都属于影响【资本成本】的因素

请参考强化班讲义 P41

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