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ditto · 2023年10月22日

考点是NPV不影响股价吗

NO.PZ2022090804000011

问题如下:

Catherine Ndereba is an energy analyst tasked with evaluating a crude oil exploration and production company. The company previously announced that it plans to embark on a new project to drill for oil offshore. As a result of this announcement, the stock price increased by 10%. After conducting her analysis, Ms. Ndereba concludes that the project does indeed have a positive NPV. Which statement is true?

选项:

A.The stock price should remain where it is because Ms. Ndereba’s analysis confirms that the recent run-up was justified. B.The stock price should go even higher now that an independent source has confirmed that the NPV is positive. C.The stock price could remain steady, move higher, or move lower.

解释:

Solution

C is correct. There are many factors that can affect the stock price, including whether Ms. Ndereba’s analysis indicates that the project is more or less profitable than investors expected.

C选项的意思是NPV和股价没有直接关系?

1 个答案
已采纳答案

王琛_品职助教 · 2023年10月23日

嗨,努力学习的PZer你好:


1

不是哈

考点确实是 NPV 和股价的关系

2

题目背景中,虽然分析师评估的结果,是项目的 NPV 大于 0

但是并没有说明投资者的【预期】是多少,和项目的 NPV 的大小【比较】如何

所以我们无从判断股价的变化,所以才选 C

相信分析,也请参考:https://class.pzacademy.com/qa/89889

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

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