解释没太理解，这里是用pure play来求吗？

NO.PZ2022090805000003

问题如下：

The following information is available for a firm:

The firm’s unleveraged beta is closest to:

选项：

A.0.75. B.1.20. C.1.05.

解释：

Solution

A is correct. Find the comparable firm’s beta: (10.4% – 2.0%)/7.0% = 1.20.

Unlever the comparable firm’s beta: β_L,comparable/[1 + (1 – Tax rate) × Debt-to-equity ratio]

1.20/[1 + (1 – 40%) × 1.0] = 0.75.

B is incorrect because it is the comparable firm’s beta.

C is incorrect because the comparable firm’s beta is computed as 1.68 = (10.4% – 2.0%)/(7.0% – 2.0%) and then proceeds to the next calculation.

麻烦老师再详细说一下

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1 个答案

王琛_品职助教 · 2023年02月02日

嗨，努力学习的PZer你好：

是的，同学对考点的识别是正确的

这道题我之前刚好总结过，请同学先参考一下：https://class.pzacademy.com/qa/116118

如果还有疑问，可以追问或者评论，我再回答同学的后续问题哈

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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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NO.PZ2022090805000003 问题如下 The following information is available for a firm:The firm’s unleveragebeta is closest to: A.0.75. B.1.20. C.1.05. SolutionA is correct. Finthe comparable firm’s bet(10.4% – 2.0%)/7.0% = 1.20.Unlever the comparable firm’s betβL,comparable/[1 + (1 – Trate) × bt-to-equity ratio]1.20/[1 + (1 – 40%) × 1.0] = 0.75.B is incorrebecause it is the comparable firm’s beta.C is incorrebecause the comparable firm’s beta is compute1.68 = (10.4% – 2.0%)/(7.0% – 2.0%) anthen procee to the next calculation. 求完整步骤

2023-01-14 17:28 1 · 回答

解释没太理解，这里是用pure play来求吗？

1 个答案

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