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申論題資訊

試卷:110年 - 110 國立中山大學_碩士暨碩士專班招生考試_財管系/丙組:財務管理#104442
科目:研究所、轉學考(插大)◆財務管理
年份:110年
排序:0

題組內容

4.Colosseum Corp. has a zero coupon bond that matures in five year with a face value of $65,000. The current value of the company's assets is $62,000, and the standard deviation of its return on assets is 34 percent per year. The risk-free rate is 7 percent per year, compounded continuously. 61adca6c39ab1.jpg

申論題內容

(4) Assume the company can restructure its assets so that the standard deviation of its return on assets increases to 43 percent per year. What happens to the value of the debt? N(d1)=0.79 N(d2)=0.43 (3分)