开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

Weike · 2024年02月23日

可以解释一下A选项么

NO.PZ2023112401000004

问题如下:

Which of the following statements is least accurate about hedge funds?

选项:

A.Merger arbitrage strategies generally assume that an acquirer will be overpaying for the target.

B.Event-driven hedge funds flourish in a stable market environment, where minor deviations in asset prices quickly converge toequilibrium.

C.An activist strategy expects to realize higher returns due to the manager being more effective in driving the corporate policies or strategic direction of the investment.

解释:

B is correct because it is the least accurate statement. Event-driven hedge funds thrive in a rising market environment with a high level of corporate activity in a strong economy. These are the times that accelerate merger and acquisition activity.

A and C are accurate statements.

可以对比一下AB选项么

1 个答案

pzqa35 · 2024年02月26日

嗨,爱思考的PZer你好:


题目中问的是关于对冲基金哪个说法是错误的。A选项说的是在并购策略中,收购者一般都会出比较高的价格来收购标的公司,这是正确的,一般而言收购都会产生溢价,会高于标的公司的净资产,这是收购者通过种种考量给出的价格,一般都是协同效应等,这种溢价在会计学中就叫做商誉。B选项说的是event-driven是在stable的经济环境中发生的更多,这个是错误的,因为并购这种事件在一个上升中的经济环境中是更为频繁的。经济稳定的话,大部分企业会按照当前的情况进行生产经营,总体发展是比较稳健的,但是如果经济发展在上升阶段,需求就会不断上升,企业也需要进行扩大生产,因此会有更多兼并收购的事件,也是event-driven盈利比较好的阶段。

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