问题如下图:
选项:
A.
B.
C.
解释:
这个题为什么不在第四年末切一刀?那样求出来的是选项B
NO.PZ201710200100000105 问题如下 5. If the teuses the vinscount mol, the current intrinsic value of Company XYZ stowoulclosest to: A.US$19.58 B.US$20.36 C.US$21.54 C is correct.The current value of XYZ stowoulcalculatefollows:V0 = [P3/(1 + r)3], where P3 = /(r – g).Given = 1.72, r = 10%, ang = 4%,V0 = [1.72/(0.10 – 0.04)]/(1.10)3 = US$21.54. 感觉题目都不太懂,说四年内不分红,为什么又说from now on 开始分红,从现在开始分红,题目哪里看出是四年后分红啊
NO.PZ201710200100000105问题如下5. If the teuses the vinscount mol, the current intrinsic value of Company XYZ stowoulclosest to:A.US$19.58B.US$20.36C.US$21.54C is correct.The current value of XYZ stowoulcalculatefollows:V0 = [P3/(1 + r)3], where P3 = /(r – g).Given = 1.72, r = 10%, ang = 4%,V0 = [1.72/(0.10 – 0.04)]/(1.10)3 = US$21.54.pvinof 1.72 beginning 4 years,第四年开始派息,那第四年年末1.72,我用它乘(1➕g)再折现4年,得到20.36 B,为什么不对呢?
NO.PZ201710200100000105 问题如下 5. If the teuses the vinscount mol, the current intrinsic value of Company XYZ stowoulclosest to: A.US$19.58 B.US$20.36 C.US$21.54 C is correct.The current value of XYZ stowoulcalculatefollows:V0 = [P3/(1 + r)3], where P3 = /(r – g).Given = 1.72, r = 10%, ang = 4%,V0 = [1.72/(0.10 – 0.04)]/(1.10)3 = US$21.54. 是第一年初,是第二年初,第一年末;题目中说的是第四年初有分红是1.72,所以不应该计算为 = 1.72*(1+g)么,怎么理解到底是第三年末第四年初的分红还是第四年的分红?
NO.PZ201710200100000105 the company is unlikely to pvin for the next three years. However, the teexpects XYZ to pannuvinof US$1.72 per share beginning four years from now. 不是 接下去三年没发v 第四年才发么 我的计算哪里有错
NO.PZ201710200100000105 难道不是====1.72, P4=/(r-g),然后把,,,和P4都折现到0时刻吗?