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是妮妮本人吗 · 2019年11月13日

问一道题:NO.PZ2016021706000003

问题如下:

Megan, a student learning corporate finance this year, wrote down something about NPV and IRR on her notebook.

Statement 1: The IRR is the discount rate that makes the project's present value of cash inflows equal to the present value of cash outflows.

Statement 2: Analyst should use the IRRs to select the project, if the IRR method gives a different ranking result from the NPV method.

Statement 3: The NPV indicates the expected change in the value of the firm.

Statement 4: If IRR> the required rate of return, accept the project.

Which of Megan's statements are correct?

选项:

A.

Statement 1, 3

B.

Statement 1, 3, 4

C.

Statement 2, 4

解释:

B is correct.

Statement 2 is incorrect, because the NPV method should be selected if NPV and IRR give conflicting decisions. Statement 1,3,4 are all correct.

前面才遇到一道题,和 statement 4一样的描述,我选了结果错了,解释是IRR满足条件后要再判断下NPV,这一题又要求选上这个选项,考试遇到类似的多选题到底选不选呢

2 个答案
已采纳答案

企鹅_品职助教 · 2019年11月14日

嗨,爱思考的PZer你好:


statement 4说的是用IRR来判断是否接受项目的接受条件,是一个需要记住的结论。statement 4中并没有提到NPV。

你说的“前一道题”,可能是和上下文有关。 有没有截图或题号,让我看一下?

如果这句话同时提到了NPV和IRR,但是判断时只看IRR,就是错的。

或者说 如果IRR> the required rate of return, 就一定要accept the project, 那也是错的。

 


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努力的时光都是限量版,加油!


是妮妮本人吗 · 2019年11月14日

我没法手机附图片,问题编号是PZ2016091001000004

企鹅_品职助教 · 2019年11月15日

回答妮妮的评论,我看了一下你说的那道题,A选项单看没什么问题,只不过B选项更准确,三选一就只能选B了。我会把A选项改一下,就不会有歧义了。

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