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🌊Yuri🌊 · 2023年05月20日

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.

请问如题debt/equity=0.9的话 意思就是debt是0.9 equity是1吧?

1 个答案

王琛_品职助教 · 2023年05月22日

嗨,从没放弃的小努力你好:


可以这么理解

debt/equity = 0.9,指的是 debt 和 equity 的比值是 0.9

具体 debt 和 equity 是多少,题目没有告诉我们哈

可能是 debt 0.9, equity 1

也可能是 debt 9, equity 10 等

----------------------------------------------
努力的时光都是限量版,加油!

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