为什么B不对呢

NO.PZ2016082406000088

问题如下：

KMV measures the normalized distance from default. How is this defined?

选项：

$\frac{\text{Expected assets-Weighted debt}}{\text{Volatility of assets}}$

$\frac{\text{Equity}}{\text{Volatility of equity}}$

Probability of stock price falling below a threshold

Leverage times stock price volatility

解释：

ANSWER: A

The distance-to-default measure is a standardized variable that measures how much the value of firm assets exceeds the liabilities.

为什么B不对呢，Equity不就=ASSET-DEBT吗，另外A里面的weighted debt和普通debt有什么区别？

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品职答疑小助手雍 · 2021年03月10日

嗨，爱思考的PZer你好：

B的分母错了，应该用asset的波动率不是equity的。

A里面weighted debt指的是短期债和长期债比例不同的时候回分配不同的权重。

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努力的时光都是限量版，加油！

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KMV measures the normalizestanfrom fault. How is this fine Expecteassets-WeightebtVolatility of assets\frac{\text{Expecteassets-Weightebt}}{\text{Volatility of assets}}Volatility of assetsExpecteassets-Weightebt EquityVolatility of equity\frac{\text{Equity}}{\text{Volatility of equity}}Volatility of equityEquity Probability of stoprifalling below a threshol Leverage times stoprivolatility ANSWER: A The stance-to-fault measure is a stanrzevariable thmeasures how muthe value of firm assets excee the liabilities. C是不是错在stoprice，改成Assets value 就对了

2020-10-19 00:13 1 · 回答

为什么B不对呢

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