NO.PZ2018062005000036
问题如下:
The following information is about a non-public company and its comparable public company:
According to the above information, the βe of non-public company is equal to:
选项:
A.1.956
B.2.576
C.2.432
解释:
C is correct. We should use pure-play method.
unlevered beta = 2/[1 + (1 − 0.3) (0.8)] = 1.28
βe of non-public = 1.28× [1 + (1 − 0.25) (1.2)] = 2.432
麻烦这题讲一下