开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

Calvin98 · 2024年04月22日

E1的值

  1. CFA II
  2. Equity

NO.PZ2023032701000061

问题如下：

Use the following inputs and the finite horizon form of the residual income model to compute the value of Southern Trust Bank (STB) shares as of31 December 2007:

• ROE will continue at 15 percent for the next five years (and 10 percent thereafter) with all earnings reinvested (no dividends paid).

• Cost of equity equals 10 percent.

• B0 = $10 per share (at year-end 2007).

• Premium over book value at the end of five years will be 20 percent.

The value would be:

选项：

A.

$15.01

B.

$15.18

C.

$15.39

解释：


你好老师，想问一下为什么E1=ROE*B0啊。

添加评论
1 个答案

王园圆_品职助教 · 2024年04月22日

同学你好，ROE = NI/BV——在二级Equity中我们有一个默认条件就是BV0投资一年到期末就可以获得NI,这个收益率就是ROE

所以公式变换一下，第一年年末的NI（也就是E1） = ROE * BV0了

  • 1

    回答

  • 0

    关注

  • 177

    浏览
相关问题

NO.PZ2023032701000061问题如下 Use the following inputs anthe finite horizon form of the resiincome mol to compute the value of Southern Trust Bank (STshares of31 cember 2007:• ROE will continue 15 percent for the next five years (an10 percent thereafter) with all earnings reinveste(no vin pai.• Cost of equity equals 10 percent.• = $10 per share (year-en2007).• Premium over book value the enof five years will 20 percent.The value woulbe: $15.01$15.18C.$15.39 请问这个知识点在讲义的那里呢？我记得老师画了一个竖向切割的表格，我也理解横竖表格都一样能解决问题。只是题目中这个专有名词还特意的带了horizon，让我比较在意是不是真的有两种表格 horizon vs vertic而且两种表格真的有很大不同。麻烦老师看一下是不是我多虑了。btw这个finite horizon form中文叫啥呢？有点好奇

2024-10-13 09:37 1 · 回答

NO.PZ2023032701000061 问题如下 Use the following inputs anthe finite horizon form of the resiincome mol to compute the value of Southern Trust Bank (STshares of31 cember 2007:• ROE will continue 15 percent for the next five years (an10 percent thereafter) with all earnings reinveste(no vin pai.• Cost of equity equals 10 percent.• = $10 per share (year-en2007).• Premium over book value the enof five years will 20 percent.The value woulbe: $15.01 $15.18 C.$15.39 这个题题目很怪，每年15%的ROI，到了第5年，突然再增加一个20%的Premium是怎么回事？

2024-07-22 14:29 1 · 回答

NO.PZ2023032701000061问题如下 Use the following inputs anthe finite horizon form of the resiincome mol to compute the value of Southern Trust Bank (STshares of31 cember 2007:• ROE will continue 15 percent for the next five years (an10 percent thereafter) with all earnings reinveste(no vin pai.• Cost of equity equals 10 percent.• = $10 per share (year-en2007).• Premium over book value the enof five years will 20 percent.The value woulbe: $15.01$15.18C.$15.39 5年后roe= re，RI应该等于0啊 为什么下面又说有premium

2024-04-29 22:29 3 · 回答

NO.PZ2023032701000061问题如下 Use the following inputs anthe finite horizon form of the resiincome mol to compute the value of Southern Trust Bank (STshares of31 cember 2007:• ROE will continue 15 percent for the next five years (an10 percent thereafter) with all earnings reinveste(no vin pai.• Cost of equity equals 10 percent.• = $10 per share (year-en2007).• Premium over book value the enof five years will 20 percent.The value woulbe: $15.01$15.18C.$15.39 这道题如何按计算器 为什么用re来折现

2024-03-10 21:55 1 · 回答