问题如下图：
选项：
A. 
B. 
C. 
解释：
还是无法理解B与C描述的具体意思
企鹅_品职助教 · 2019年09月03日
这道题发亮助教以前写过详细的解释，我借鉴一下：
这道题题干是这样的：
这家公司想要投资一个新的生产线，题干给了公司整体的Debt-to-equity ratio = 0.6 (这是干扰信息)；
然后给了新项目的融资比例，即50 million Debt，100 million equity;
其实也是给了新项目的Debt-to-equity ratio（50/100=0.5）
然后问题是说用可比公司的Asset beta，计算该新项目的Equity beta，问应该用哪个Debt-to-equity ratio；
因为是求项目的Equity beta，所以要用项目的Debt-to-equity比例，即0.5；
B选项就是说用公司整体的杠杆比例0.6不合适，应该用项目的Debt-to-equity比例：0.5；因此B选项是正确的；
C选项就看这句：Wiene should use the new debt-to-equity ratio of DEF;
即，使用公司新的Debt-to-equity ratio；然后C选项后半句That would result....就是在解释公司新杠杆比例产生的原因；
公司原有的杠杆比例为0.6；公司给新项目的融资杠杆比例为0.5；因此，给新项目融资后，公司会杠杆比例会发生变化；虽然题目没说，但是我们可以预计这个比例应该在0.5到0.6之间；
C选项说的就是用该公司新的杠杆比例，而该新杠杆比例就是因为给新项目额外融资的50million debt，和100million equity产生的。
NO.PZ2016021705000029 问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct. but rather the bt-toequity ratio of the new proct, 0.5b中0.5是怎样计算出来的呢， 原资本结构只知道比例不知道金额， 后面新增金额数学上讲也算不出0.5呀。
NO.PZ2016021705000029 问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct. B和C不是一个意思吗
NO.PZ2016021705000029 问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct. 题干里说是要算proje的β，所以选要用new project的β。我的问题是，如果要算的是公司包括new project后的新的β'，那么是不是选C?
NO.PZ2016021705000029问题如下 Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha bt-to-equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity beta.B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity beta.C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity beta.is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct.为啥还要用新的比例？题中已经说了用existing 资本结构啊
NO.PZ2016021705000029问题如下Brann Wiene is a financianalyst covering the beverage instry. He is evaluating the impaof F Beverage’s new proline of flavorewaters. F currently ha btto- equity ratio of 0.6. The new proline woulfinancewith $50 million of an$100 million of equity. In estimating the valuation impaof this new proline on F's value, Wiene hestimatethe equity beta anasset beta of comparable companies. In calculating the equity beta for the proline, Wiene is intenng to use F's existing capitstructure when converting the asset beta into a projebetWhiof the following statements is correct? A.Using F’s bt-to-equity ratio of 0.6 is appropriate in calculating the new proline's equity bet B.Using F’s bt-to-equity ratio of 0.6 is not appropriate, but rather the bt-toequity ratio of the new proct, 0.5, is appropriate to use in calculating the new proline’s equity bet C.Wiene shouluse the new bt-to-equity ratio of F thwoulresult from the aition$50 million an$100 million equity in calculating the new proline's equity bet is correct.The bt-to-equity ratio of the new proshoulusewhen making the austment from the asset betrivefrom the comparables, to the equity beta of the new proct.这题好复杂，没读懂，求翻译