问题如下图：
选项：
A. 
B. 
C. 
请问C选项为什么不对？没看懂Ｂ和C的区别
解释：
发亮_品职助教 · 2018年10月01日
因为要求的是Project的Beta，所以一定要用的是项目的融资杠杆比率。
本题中就是Debt-to-equity = 50/100;
B选项说的是：but rather the debt-to-equity ratio of the new product, 0.5, is appropriate
就是使用项目的ratio；
而C选项说的是：
new debt-to-equity ratio of DEF that would result from the additional $50 million debt and $100 million equity。
使用的是公司DFE因为融资改变之后的Debt-to-equity ratio。还是公司的ratio，而不是项目的。
选项、题干中的细微差别考试中也会出现，所以看题要仔细。
NO.PZ2016021705000029 问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct. but rather the bt-toequity ratio of the new proct, 0.5b中0.5是怎样计算出来的呢， 原资本结构只知道比例不知道金额， 后面新增金额数学上讲也算不出0.5呀。
NO.PZ2016021705000029 问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct. B和C不是一个意思吗
NO.PZ2016021705000029 问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct. 题干里说是要算proje的β，所以选要用new project的β。我的问题是，如果要算的是公司包括new project后的新的β'，那么是不是选C?
NO.PZ2016021705000029问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity beta.B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity beta.C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity beta.is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct.为啥还要用新的比例？题中已经说了用existing 资本结构啊
NO.PZ2016021705000029问题如下Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha btto- equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct.这题好复杂，没读懂，求翻译