NO.PZ201512300100000406
问题如下:
6. The estimate of beta for Twin Industries is closest to:
选项:
A.0.44.
B.0.85.
C.0.89.
解释:
C is correct.
The steps to estimating a beta for a non-traded company are:
Step 1 Select the comparable benchmark
Step 2 Estimate benchmark’s beta
Step 3 Un-lever the benchmark’s beta
Step 4 Lever the beta to reflect the subject company’s financial leverage
The beta of the benchmark peer company data is given as 1.09. Next, this beta needs to be unlevered, calculated as:
The beta of the benchmark peer company data is given as 1.09. Next, this beta needs to be unlevered, calculated as:
我看提问里面,大家引用的答案是没有考虑1-t的,答案是选B。怎么现在答案又重新考虑了1-t呢?有些混乱了。