问题如下：
3. Based on Exhibit 1 and White’s notes, which of the following is least consistent with White’s conclusion regarding Bema’s announcement?
选项：
A. Bema’s bonding costs will be higher than Aquarius’s.
B. Bema will have a lower degree of operating leverage than does Aquarius.
C. Bema will have a lower percentage of tangible assets to total assets than does Aquarius.
解释：
B is correct.
If Bema’s degree of operating leverage declines relative to that of Aquarius, Bema’s business risk will also decline relative to Aquarius. All else being equal, this decline would be expected to increase Bema’s market value relative to Aquarius; e.g., by decreasing Bema’s cost of equity.
题目让我们选不一致的，但是看了Maggie老师详细的解释，ab两个选项都是不一致，为什么最后只选b呢？
