问一道题：NO.PZ2018103102000126 为什么cost of capital used 要 based riskiness of cash flow

问题如下：

How many statements regarding the discount rate is correct?

Statement 1: In evaluating an acquisition, the cost of capital used should be based on the target company’s capital structure and the riskiness of the target company’s cash flows.

Statement 2: Any lesser amount of information concerning a private company’s operations or business model compared with a similar public company introduces greater uncertainty into projections that may lead to a higher required rate of return.

选项：

None.

One.

Two.

解释：

C is correct.

考点：Discount rate estimate

解析：收购公司时，我们使用的是目标公司的资本成本，而不是收购方的资本成本。非上市公司经营信息更少，相比类似上市公司有着更高的不确定性，因而带来更高的要求回报率。所以两句话的表述都是正确的。