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.
老师麻烦看下我的理解，
A选项说会下降杠杆比率，现金减少（资产减少），Equity减少，Dedt保持不变，D/E就上升。所以A选项错
B选项说回购是在股价被低估的时候，股价被高估的时候，公司更愿意发行新股融资，因为融到资金可以更多，同理股价被低估的时候选择回购相当于用很低的价格把自己公司的权益买回
来？
C选项有更多投资机会相比内部融资，选项本身我就不理解什么意思？如果说企业有更多的投资机会那应该是少分红，多留存，这样便于做投资发展。后半句的内部融资不就是在说留存收益吗？
