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一只🐶哆啦 · 2022年05月05日

可以具体讲一下选项a吗。不太理解a,其他两项都懂

NO.PZ2021091701000022

问题如下:

Which of the following is least accurate with respect to the market value and book value of a company’s equity?

选项:

A.

Market value is more relevant than book value when measuring a company’s cost of capital

B.

Book value is often used by lenders and in financial ratio calculations.

C.

Both market value and book value fluctuate with changes in the company’s share price.

解释:

C is correct. Share price changes will cause the market value of the company’s equity to change; book value is unaffected. Statements A and B are accurate.

1 个答案
已采纳答案

王琛_品职助教 · 2022年05月06日

嗨,从没放弃的小努力你好:


1

选项 A 说:在衡量公司的资本成本时,市场价值比账面价值更相关,说法正确

因为 book value 代表历史,而 market value 代表现在

资本成本 WACC 是「现在」的成本:它今天会给公司带来什么成本。过去的成本并不重要

"this is the current cost: what it would cost the company today. What it cost in the past is not relevant."

2

这是定性的考法,还有一种定量的考法,让我们计算 WACC

然后表格同时给出股债的 book value 和 market value,咱们一定要使用 market value 计算 WACC

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努力的时光都是限量版,加油!

一只🐶哆啦 · 2022年05月12日

谢谢,很有用