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aileen20180623 · 2023年01月05日

您好,哪里的条件的出C?

* 问题详情,请 查看题干

NO.PZ201512300100001604

问题如下:

Given the observations about Spice World noted by Schmidt, the required rate of return for Spice World should be adjusted to reflect:

选项:

A.

only a size premium

B.

only a company-specific risk premium

C.

both a size premium and a company-specific risk premium

解释:

C is correct. The required return for Spice World should be adjusted to reflect both a size premium and a company-specific risk premium. Spice World is smaller than the guideline public companies, as it has fewer employees and a lower level of total assets. Therefore, the required rate of return should be adjusted to reflect a size premium so that it reflects the level of risk of Spice World. Further, Spice World faces operational and customer concentration risks that do not impact the selected guideline public companies—risks specific to Spice World. These company-specific risks increase the level of risk of Spice World relative to that of the guideline public companies. Consequently, the required return for Spice World should also reflect a company-specific risk premium.

我仅选择了b因为c中的size premium我在题干中未看到明确的指向

1 个答案
已采纳答案

王园圆_品职助教 · 2023年01月06日

嗨,努力学习的PZer你好:


同学你好,以下是题干相关内容:”First, Schmidt points out that Spice World faces operational and customer concentration risks that do not affect the selected guideline public companies. Second, Schmidt notes that Spice World has fewer employees and a lower level of total assets relative to the guideline public companies.“

这里讲了2个点,第一点是关于Spice World有经营和客户集中的风险,这属于公司自己独特的风险,对应company-specific risk premium

第二点是关于公司有更少的员工和更低的总资产,既然资产小,那就说明公司相对其他可比公司需要调整规模上的风险溢价size premium

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努力的时光都是限量版,加油!