标题: CFA Mock 2012 - Q55 AM - Unlevered beta [打印本页] 作者: Howd 时间: 2013-4-22 06:50 标题: CFA Mock 2012 - Q55 AM - Unlevered beta
Hi guys
This question requires us to CALCULATE the unlevered beta then lever it. The LOS for this doesnt state calculate but it is
” Explain beta estimateion for public companies, thinly traded public companies and nonpublic companies.
Why are they getting us to calculate this then?作者: optiix 时间: 2013-4-22 06:50
Its in the material, its fair game.作者: Iginla2010 时间: 2013-4-22 06:51
it may be that this question was taken from a prior year mock/sample/exam when the unlevering and relevering of beta calc was part of the LOS. It’s not particularly difficult to re-lever beta so learning the calc may help you understand the concept and eventually “explain” it.作者: sameeragarwal 时间: 2013-4-22 06:51
youre thinking of M&M. Taxes do not affect Beta.作者: Zestt 时间: 2013-4-22 06:51
I will revise my statement. In CFAI world, tax shield does not affect Beta. Question is correct (pg 78 Equity)作者: Wendy01 时间: 2013-4-22 06:52
Wasn’t the calculation at level 1 also? Based on this its fair game right? Regardless given they put it on the mock the chances of it showing up Saturday are…yea you do the math.作者: ShooterMcCFA 时间: 2013-4-22 06:52
who the heck knows… I was blasting Schewser with 80-85’s and now I get a 72 on this Mock. Way to ruin my confidence, CFAI.作者: rkapoor 时间: 2013-4-22 06:52
In CFAI world, tax shield does not affect Beta. i agree. i don’t remember it affecting it.
