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Lay You Lum · 2020年11月04日

问一道题：NO.PZ2016021705000028

  1. CFA I
  2. Corporate Issuers

问题如下：

Wang Securities had a long-term stable debt-to-equity ratio of 0.65. Recent bank borrowing for expansion into South America raised the ratio to 0.75. The increased leverage has what effect on the asset beta and equity beta of the company?

选项：

A.

The asset beta and the equity beta will both rise.

B.

The asset beta will remain the same and the equity beta will rise.

C.

The asset beta will remain the same and the equity beta will decline.

解释：

B  is correct.

Asset risk does not change with a higher debt-to-equity ratio. Equity risk rises with higher debt.

这个题目借债增多后，资产不会相应增加吗，这时候资产的beta还是不变的吗

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1 个答案

王琛_品职助教 · 2020年11月05日

- 不变的，请参考：https://class.pzacademy.com/qa/25405

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