请问这道题为什么不选C
问题如下图:
选项:
A.
B.
C.
解释:
发亮_品职助教 · 2018年10月20日
这个新项目的debt-equity是0.5,与公司原本的debt-equity ratio不同(公司原本的debt-equity是0.6)。为了计算这个项目(Project)的Beta,应该使用的是该项目的杠杆比例,而不是公司的杠杆比例,以反映新项目对应的风险。所以B是正确的。
公司原来的杠杆是0.6,为新项目融资的杠杆是0.5,由于新项目的杠杆和公司原来的杠杆不同,新的融资会使得公司的杠杆比率发生变化,产生一个新的反映公司整体的杠杆ratio。
C的意思就是使用这个公司的新杠杆ratio(New debt-to-equity of DEF),错就在这里,应该使用的是项目的杠杆。
Narcissus · 2018年10月20日
谢谢
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