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月乔DD · 2019年05月06日

问一道题:NO.PZ201512300100001305 第5小题 [ CFA II ]

* 问题详情,请 查看题干

问题如下图:

选项:

A.

B.

C.

解释:

请问这是一个private company 而用了一个public company的数据,不应该➕stock premium吗?

1 个答案

maggie_品职助教 · 2019年05月07日

这道题的题干有一个关键词“similar”,我们找的可比公司已经是从经营到收入都和T公司非常的相似(相当于告诉我们可比公司和T的规模相似),因此我们用这样的可比公司数据计算得到的re 已经考虑到了规模的差距。不需要额外再加上一个规模的溢价。


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