viconia

好吧，我有点想明白了

 

书上有道例题有假设company borrow 50% of its company value

 

但是可能sample里这道题就假设它借了initial outlay那么多钱。。。

 

forwhat

QUOTE:

以下是引用hehanz在2010-5-25 10:10:00的发言：
forwhat,请看三楼的回复.

 

Wow, you are so impressive that you two can study this question in such detail! Nice!

 

I see what's going on with it. The two questions from notes and the sample are actually have different "assumptions".

Basically, financing a project are based on initial outlay which is the real money invested. The demonstration on notes, however, specifically mentions the way to calculate the interest expense. Therefore, when answering the sample question, we dont need to have the market value before getting the interest cost.

hehanz

Forwhat, I think you are correct. This is actually the only way that makes sense. However, I don't know why sample would assume this way. The sample is supposed to have the same idea with CFA book. And I checked the book, and found it uses market value instead of outlay as well. So... I am confused.

 

But I guess this is good for now. No need to go further.

 

Thank you for both you guys.