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Yan · 2021年02月27日

c选项什么意思

* 问题详情,请 查看题干

NO.PZ201601200500003301

问题如下:

1. In investors’ minds, Wilson’s share buyback could be a signal that the company:

选项:

A.

is decreasing its financial leverage.

B.

views its shares as undervalued in the marketplace.

C.

has more investment opportunities than it could fund internally.

解释:

B is correct.

Management sometimes undertakes share repurchases when it views shares as being undervalued in the marketplace.

虽然我明白回购确实会让人觉得股价是不是低估了,但是根据题目意思,目前价格都35了,而过去12个月的价格都是25-35,投资者还会觉得是低估么? 另外C选项是什么意思呢?
1 个答案
已采纳答案

王琛_品职助教 · 2021年02月28日

嗨,努力学习的PZer你好:


- 选项 B 其实对应的是原版书的正文哈,请参考 P169 "managements tend to buy back their stock when it is undervalued in the marketplace"

- 并不是单纯从价格判断的,虽然过去 12 个月的价格是 25-35,但是题干也说了:"Wilson has a long-term record of gradually increasing earnings and dividends"

- 选项 C 说反了,应该是没有 investment opportunities,对应的是原版书 P170:一些投资分析师认为回购计划可能意味着,公司没有新的盈利投资机会,从而将现金返还给股东。

- "a repurchase program could mean that the company has no new profitable investment opportunities and is thus returning cash to shareholders."

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努力的时光都是限量版,加油!