问题如下：
6. Which of the following would be Yip’s most appropriate response to Robinson’s third observation?
选项：
A.The market value added is not equal to the present value of EP, although the market value of equity is equal to 122,027.
B.The market value added is equal to the present value of EP, which in this case is 44,055.
C.The market value added is not equal to the present value of EP, and market value added is equal to 44,055.
解释：
Market value added is equal to the present value of EP. Its value, however, is not equal to the book value of equity. The calculation of MVA is shown below:
MVA=44,054.55, which can be calculated by discounting the expected EP.
老师请问题目给出： Pure has a 19 percent cost of equity, 8 1/3 percent before-tax cost of debt, 12 percent weighted average cost of capital, and 40 percent tax rate, and it maintains a 50 percent debt/value ratio.
题目虽然给出了WACC，可是为什么用 19%的re 和 8 1/3的rd 按照比例算不出呢。
