NO.PZ2022120702000023
问题如下:
Sienna reviews a large retailer faced with a sex equality law suit with a potential £4 billion in pay out claims. How should she adjust her financial model?选项:
A.Adjust the employee expense line to reflect £4 billion in pay out over 10 years. B.Do nothing as the company has a good case and may not have to pay. C.Lower the discount rate to reflect the risk of payouts. D.Raise the cost of capital to reflect the risk of payouts.解释:
该零售商因为性别平等问题而被起诉,潜在的40亿英镑的赔偿将会给公司带来负面影响,并且影响投资者对公司的未来预期。投资者投资该公司的风险增大,要求的回报率将会提高,针对该公司的估值模型应提高资本成本来反映这个风险。为什么不选A呢,A也算是考虑了未来现金流的减少呀?