问题如下图：
选项：
A. 
B. 
C. 
解释：
Thunder 没上市，是不是应该用更大的premium？不太理解build-up model 和这个题目有什么关系。 解析中 per se 是什么意思？
NO.PZ201512300100001305 问题如下 4. Regarng the two statements about scount rate estimates, Chin is: A.correwith respeto aing the small stopremium ancorrewith respeto the weighteaverage cost of capital. B.correwith respeto aing the small stopremium anincorrewith respeto the weighteaverage cost of capital. C.incorrewith respeto aing the small stopremium anincorrewith respeto the weighteaverage cost of capital. C is correct.Both statements Chin are incorrect. If the CAPM is usewith public companies with similoperations ansimilrevenue size, state then the calculation likely captures the small stopremium anshoulnot aeto the estimate. Small stopremiums are associatewith builup mols anthe expanCAPM, rather ththe CAPM per se. The correweighteaverage cost of capitshoulreflethe risk of Thunr’s cash flows not the risk of the acquirer’s cash flows. 题目里说是收购thunr的股权，但是public应该没有control premium，这里为什么不因为控股权多给溢价呢？
NO.PZ201512300100001305问题如下 4. Regarng the two statements about scount rate estimates, Chin is: A.correwith respeto aing the small stopremium ancorrewith respeto the weighteaverage cost of capital.B.correwith respeto aing the small stopremium anincorrewith respeto the weighteaverage cost of capital.C.incorrewith respeto aing the small stopremium anincorrewith respeto the weighteaverage cost of capital.C is correct.Both statements Chin are incorrect. If the CAPM is usewith public companies with similoperations ansimilrevenue size, state then the calculation likely captures the small stopremium anshoulnot aeto the estimate. Small stopremiums are associatewith builup mols anthe expanCAPM, rather ththe CAPM per se. The correweighteaverage cost of capitshoulreflethe risk of Thunr’s cash flows not the risk of the acquirer’s cash flows.如题？？？？？？？？。？？？？？？？
NO.PZ201512300100001305 问题如下 4. Regarng the two statements about scount rate estimates, Chin is: A.correwith respeto aing the small stopremium ancorrewith respeto the weighteaverage cost of capital. B.correwith respeto aing the small stopremium anincorrewith respeto the weighteaverage cost of capital. C.incorrewith respeto aing the small stopremium anincorrewith respeto the weighteaverage cost of capital. C is correct.Both statements Chin are incorrect. If the CAPM is usewith public companies with similoperations ansimilrevenue size, state then the calculation likely captures the small stopremium anshoulnot aeto the estimate. Small stopremiums are associatewith builup mols anthe expanCAPM, rather ththe CAPM per se. The correweighteaverage cost of capitshoulreflethe risk of Thunr’s cash flows not the risk of the acquirer’s cash flows. 看了解析和其他同学的提问，但助教还是没有明确说出到底怎么改正statement 1 。是改成If the expanCAPM methois useto estimate the scount rate with a beta estimate baseon public companies with operations anrevenues similtoThunr, then a small stopremium shoulaeto the estimate.这样就对了吗？
NO.PZ201512300100001305 您好，请问下statement2错在哪里，thunr不是卖出方么，所以，WACC反应了自由现金流的risk才对
NO.PZ201512300100001305 老师 为什么不能用WACC去估计r 第二个statement错在哪？
