开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

安宝123 · 2019年10月03日

问一道题:NO.PZ2016021705000029 [ CFA I ]

问题如下图:

选项:

A.

B.

C.

解释:

理解C的意思,但是为什么C不对呢,用后面新的D/E为什么不对呢,原文有相应解释吗?

1 个答案

企鹅_品职助教 · 2019年10月08日

因为题目是求项目的Equity beta,所以要用项目的Debt-to-equity比例,即0.5,因此B选项是正确的。

C选项说 Wiene should use the new debt-to-equity ratio of DEF,即使用公司新的Debt-to-equity ratio。公司原有的杠杆比例为0.6,公司给新项目的融资杠杆比例为0.5;因此,给新项目融资后公司会杠杆比例会发生变化,虽然题目没说,但是我们可以预计这个比例应该在0.5到0.6之间。因此C是错误的。

 

  • 1

    回答
  • 2

    关注
  • 649

    浏览
相关问题

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。

2023-11-10 23:30 1 · 回答

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

2023-08-18 18:04 1 · 回答

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?

2023-06-10 15:57 1 · 回答

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

2023-06-04 13:53 1 · 回答

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

2022-03-21 22:38 1 · 回答