单选题 An analyst does research about asset beta and gathers the following information about a company:
·Market value of equity is $900000
·Book value of equity is $1100000
·Market value of debt is $1000000
·Book value of debt is $950000
·Equity beta is 2.3
·Marginal tax rate is 40%
Assuming the company's debt has no market risk, the company's asset beta is closest to:
A. 1.36
B. 1.38
C. 1.49

【正确答案】 B
【答案解析】[解析] assetbeta=2.3×{1/[1+(1-0.4)×(1000000/900000)]}=1.38,这里要用市场价值(market value)来计算。