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台风来了 · 2023年01月19日

关于asset beta、equity beta,以及pure-play method没有了解到,在哪里可以补习一下这个内容啊?

NO.PZ2016021705000036

问题如下:

An analyst gathered the following information about a private company and its publicly traded competitor:

Using the pure-play method, the estimated equity beta for the private company is closest to:

选项:

A.

1.029.

B.

1.104.

C.

1.877.

解释:

C is correct.

Inferring the asset beta for the public company: unlevered beta = 1.75/[1 + (1 0.35) (0.90)] = 1.104. Relevering to reflect the target debt ratio of the private firm: levered beta = 1.104 × [1 + (1 0.30) (1.00)] = 1.877.

关于asset beta、equity beta,以及pure-play method没有了解到,在哪里可以补习一下这个内容啊?

1 个答案

王琛_品职助教 · 2023年01月20日

嗨,努力学习的PZer你好:


1

在资本成本章节,我们介绍了债务成本、普通股资本成本、优先股资本成本的计算方法

其中,在介绍普通股资本成本中,我们提到了 CAPM 方法,并引出了一个话题,即贝塔怎么计算

分为两类:上市公司的贝塔,和非上市公司的贝塔,考查更多的是非上市公司的贝塔

2

此题就涉及非上市公司的贝塔,需要我们掌握原理及公式,有可能考查计算

请参考基础班讲义 P230-231

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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