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Cherry9520 · 2020年02月16日

问一道题:NO.PZ201601200500004606

* 问题详情,请 查看题干

问题如下:

6. Are Smith’s two comments about his analysis correct?

选项:

A.

Both of his comments are correct.

B.

Both of his comments are incorrect.

C.

His first comment is correct, and his second comment is incorrect.

解释:

A is correct.

Both of Smith’s statements are correct.

If there was a pre-announcement run-up in Quadrant’s price because of speculation, the takeover premium should be computed based on the price prior to the run-up. Because the comparable transaction approach is based on the acquisition price, the takeover premium is implicitly recognized in this approach.

看不懂这道题

1 个答案

maggie_品职助教 · 2020年02月17日

这道题问S的两个comments是否正确:

comment 1是正确的:如果并购被提前宣布,那么价格就会应声上涨(run-up),我们基于已经上涨的价格估计收购溢价是不准确。应在使用run-up上涨之前的价格。


comment2也是正确的:comparable transaction approach可比交易法,通过寻找与目标公司相似的兼并收购案例,因此该方法下获取的收购价格已包含了收购溢价。


建议可以回听一下课程哦~

月乔DD · 2020年05月03日

请问,对应的是基础班哪节课?谢谢

maggie_品职助教 · 2020年05月06日

请看讲义211页-225页的内容。