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苏苏1124 · 2022年11月01日

不太明白这个结果，请老师讲解一下。谢谢老师！

  1. CFA I
  2. Corporate Issuers

NO.PZ2022090804000010

问题如下：

Erin Chou is reviewing a profitable investment that has a conventional cash flow pattern. If the cash flows for the initial outlay and future after-tax cash flows all double, Chou would predict that the IRR would:

选项：

A.increase and the NPV would increase. B.stay the same and the NPV would increase. C.stay the same and the NPV would stay the same.

解释：

Solution

B is correct. The IRR would stay the same because both the initial outlay and the after-tax cash flows double, so the return on each dollar invested would remain the same. All the cash flows and their present values double. The difference between the total present value of the future cash flows and the initial outlay (the NPV) also doubles.

如题

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王琛_品职助教 · 2022年11月02日

嗨，从没放弃的小努力你好：


这道题的考点是 NPV 和 IRR 的公式

之前有助教已经回答过详细的解题思路，请同学先参考一下：https://class.pzacademy.com/qa/18056

如果同学还有疑问，可以追问或者评论，我再回答同学的后续疑问

----------------------------------------------
虽然现在很辛苦，但努力过的感觉真的很好，加油！

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NO.PZ2022090804000010 问题如下 Erin Chou is reviewing a profitable investment thha conventioncash flow pattern. If the cash flows for the initioutlanfuture after-tcash flows all uble, Chou woulpreththe IRR woul A.increase anthe NPV woulincrease. B.stthe same anthe NPV woulincrease. C.stthe same anthe NPV woulstthe same. SolutionB is correct. The IRR woulstthe same because both the initioutlanthe after-tcash flows uble, so the return on eallinvestewoulremain the same. All the cash flows antheir present values uble. The fferenbetween the totpresent value of the future cash flows anthe initioutl(the NPV) also ubles. 助教老师在其他问题下面的解答https://class.pzacamy.com/qa/18056 ；提问0 = NPV 是什么意思， 题目中没有说NPV =0 呀， uble老师写的是CF都乘以2, 这个时候NPV也乘以2是新的数值了， 为什么能得出IRR不变了。 （问题1中npv =0 那么乘以2就可以约去，可是NPV很少等于0）npv如何变化是从公式中怎么得出来的没有看懂

2023-10-22 17:57 1 · 回答

NO.PZ2022090804000010 问题如下 Erin Chou is reviewing a profitable investment thha conventioncash flow pattern. If the cash flows for the initioutlanfuture after-tcash flows all uble, Chou woulpreththe IRR woul A.increase anthe NPV woulincrease. B.stthe same anthe NPV woulincrease. C.stthe same anthe NPV woulstthe same. SolutionB is correct. The IRR woulstthe same because both the initioutlanthe after-tcash flows uble, so the return on eallinvestewoulremain the same. All the cash flows antheir present values uble. The fferenbetween the totpresent value of the future cash flows anthe initioutl(the NPV) also ubles. 您好，如果本题是亏损得投资，那IRR还是不变，NPV是变小吗？

2023-10-21 23:41 1 · 回答

NO.PZ2022090804000010 问题如下 Erin Chou is reviewing a profitable investment thha conventioncash flow pattern. If the cash flows for the initioutlanfuture after-tcash flows all uble, Chou woulpreththe IRR woul A.increase anthe NPV woulincrease. B.stthe same anthe NPV woulincrease. C.stthe same anthe NPV woulstthe same. SolutionB is correct. The IRR woulstthe same because both the initioutlanthe after-tcash flows uble, so the return on eallinvestewoulremain the same. All the cash flows antheir present values uble. The fferenbetween the totpresent value of the future cash flows anthe initioutl(the NPV) also ubles. 老师，这道题，我一上手大概知道是考IRR核NPV的公式相关特性，无奈这句话If the cash flows for the initioutlanfuture after-tcash flows all uble,我理解为后面这种情况，CF0是-10，CF1....CFn=20,是这个UBLE意思！！！这样我就凭公式很难得出结果了。。。老师也帮我指点下，谢谢！

2022-12-08 22:03 1 · 回答