答案判断及提示不正确
NO.PZ2021060201000026问题如下 Johnson is portfolio manager who scuss with the investment committee (Iof the EUH University Enwment. He reviewethe future liquity nee of the enwment funananalyzes one of its holngs in a private stressefun He notes the following about the fun· of the enof the most recent year:· The net asset value of the enwment funinvestein the funw€30,000,000.· All capithbeen calle· the enof the current year, Johnson expects a stribution of 20% to pai· Johnson estimates ththe funs expectegrowth rate is 10%.Calculate the expecteNof the funthe enof the next year. The expecteNof the funthe enof the next yeis €29,040,000, calculatefollows:First, the expectestribution the enof the current yeis calculateasExpectestribution = [Prior-yeN× (1 + Growth rate)] × (stribution rate).Expectestribution = [(€30,000,000 × 1.1) × 20%] = €6,600,000. Therefore, the expecteNof the funthe enof the next yeisExpecteN= [Prior-yeN× (1 + Growth rate) + Capitcontributions – stributions)] × (1 + Growth rate).ExpecteN= [(€30,000,000 × 1.1) + 0 − €6,600,000] × 1.1 = €29,040,000. 这个就是要记住公式 为什么next ye不用减去stribution?
NO.PZ2021060201000026 问题如下 Johnson is portfolio manager who scuss with the investment committee (Iof the EUH University Enwment. He reviewethe future liquity nee of the enwment funananalyzes one of its holngs in a private stressefun He notes the following about the fun· of the enof the most recent year:· The net asset value of the enwment funinvestein the funw€30,000,000.· All capithbeen calle· the enof the current year, Johnson expects a stribution of 20% to pai· Johnson estimates ththe funs expectegrowth rate is 10%.Calculate the expecteNof the funthe enof the next year. The expecteNof the funthe enof the next yeis €29,040,000, calculatefollows:First, the expectestribution the enof the current yeis calculateasExpectestribution = [Prior-yeN× (1 + Growth rate)] × (stribution rate).Expectestribution = [(€30,000,000 × 1.1) × 20%] = €6,600,000. Therefore, the expecteNof the funthe enof the next yeisExpecteN= [Prior-yeN× (1 + Growth rate) + Capitcontributions – stributions)] × (1 + Growth rate).ExpecteN= [(€30,000,000 × 1.1) + 0 − €6,600,000] × 1.1 = €29,040,000. 这个就是要记住公式 公式不是Ntime t = prior Nx (1+Growth rate) + Contribution - stributions吗?代入的话NAV=30,000,000x1.1+0-30,000,000x1.1x20%=26,400,000?
NO.PZ2021060201000026 问题如下 Johnson is portfolio manager who scuss with the investment committee (Iof the EUH University Enwment. He reviewethe future liquity nee of the enwment funananalyzes one of its holngs in a private stressefun He notes the following about the fun· of the enof the most recent year:· The net asset value of the enwment funinvestein the funw€30,000,000.· All capithbeen calle· the enof the current year, Johnson expects a stribution of 20% to pai· Johnson estimates ththe funs expectegrowth rate is 10%.Calculate the expecteNof the funthe enof the next year. The expecteNof the funthe enof the next yeis €29,040,000, calculatefollows:First, the expectestribution the enof the current yeis calculateasExpectestribution = [Prior-yeN× (1 + Growth rate)] × (stribution rate).Expectestribution = [(€30,000,000 × 1.1) × 20%] = €6,600,000. Therefore, the expecteNof the funthe enof the next yeisExpecteN= [Prior-yeN× (1 + Growth rate) + Capitcontributions – stributions)] × (1 + Growth rate).ExpecteN= [(€30,000,000 × 1.1) + 0 − €6,600,000] × 1.1 = €29,040,000. 这个就是要记住公式 这题做法是不是errata纠错了,应该不需要再乘1.1?