NO.PZ2022101402000002
问题如下:
Which of the following is not the reason that determines a company’s WACC is a challenging task?
选项:
A.
Different methods can be used to calculate the costs of different capital
B.
Assumptions of the current capital structure.
C.
The company’s marginal tax rate must be estimated instead of average or effective tax rate.
解释:
B is correct.
Assumptions are needed regarding long-term target capital structure, which might or might not be the current capital structure.
并非WACC难算的原因:
A.可以有很多种算法,所以难
C.边际税率要自己算,不能用现成的平均税率或者有效税率,所以难
可以排除得到B,问题是B的解释
长期资本结构需要假设,所以……也难?看起来怎么也像是WACC难算的原因呢?这里到底想说什么?