NO.PZ2015122802000121
问题如下:
A company’s cost of equity is often used as a proxy for investors’:
选项:
A.
average required rate of return.
B.
minimum required rate of return.
C.
maximum required rate of return.
解释:
B is correct.
Companies try to raise funds at the lowest possible cost. Therefore, cost of equity is used as a proxy for the minimum required rate of return.
考点:Risk And Return, Market Value and Book Value, Required Return
这道题问的是对于投资者来说公司股权的融资成本可以被理解为下面哪一项?
注意这里是站在投资者的角度,投资的要求回报率也就是公司可以承受的最高成本,对于投资者来说这是他们最低可以接受一项投资的回报,低于这个他们就不投资了。所以选B。
那如果是站在公司的角度呢?就是平均水平而不是最低水平了吗?