NO.PZ2025012207000014
问题如下：
An analyst assesses a company as below average on ESG metrics. All other matters being equal, the analyst should most likely:
选项：
A.assign a P/E premium to the stock. B.increase the company’s cost of capital. C.reduce the company’s cash flows in the forecast model.解释：
C is correct. Reducing the company’s cash flow forecast appropriately reflects the analyst’s concern over increased risk associated with the company-specific below-average ESG performance. The lower cash flows will ultimately reduce the company’s valuation. Also, a company with this ESG profile might reasonably realize a discount to peers’ P/Es.B中增加融资成本，在DCF中也减少了对这个公司的估值吧？为什么不可以选。
A中增加PE的premium是什么意思？是提高倍率的意思么，等于增加了估值。
