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

豆好 · 2019年11月29日

问一道题:NO.PZ2018103102000042 [ CFA II ]

2017有0.22的分红,为什么CF0不是0.22?

问题如下图:

选项:

A.

B.

C.

解释:

1 个答案
已采纳答案

maggie_品职助教 · 2019年11月30日

你是说计算器中为何不录入CF0是吗? 因为我们是对未来现金流进行折现,零时刻的现金流是已知的,不包括在内。

豆好 · 2019年11月30日

0时刻的现金流不用折线,那就按原价计入啊?

maggie_品职助教 · 2019年11月30日

估值是对未来现金流进行折现(我们计算是从D1开始,不是从D0开始),零时刻的股票价值不包括零时刻的股息。

  • 1

    回答
  • 1

    关注
  • 378

    浏览
相关问题

NO.PZ2018103102000042问题如下 Jacques is the portfolio manager of pension anshe recently consir aing PZ In(New York StoExchange: PZ) to its portfolio. After carefully consiring the characteristiof the company anits competitors, she believes the company will have extraornary growth for the next 4 years annormgrowth thereafter. So, she hconclutha two-stage M is the most appropriate for valuing the stock. PZ’s totvin paion 2017  w$0.22. She believes ththe growth rate will 12 percent the next 4 years an6 percent afterwar. The estimateththe requirereturn is 9 percent. Whis the terminvalue of the stobaseon this approach? $12.23. $20.12. $31.09. A is correct.考点M,The Gorn Growth Mol Equation The ImplievinGrowth Rate解析A是正确的。如表所示,终值V4= $12.23。看见这个两阶段的M求终值,我直接就开始代入那个t/2××(gs-go)的那个公式了,结果求出来的结果和答案没有一个相符的,想请问是不是我题目没读懂或者公式的基本含义没搞懂

2024-08-16 08:41 1 · 回答

NO.PZ2018103102000042 问题如下 Jacques is the portfolio manager of pension anshe recently consir aing PZ In(New York StoExchange: PZ) to its portfolio. After carefully consiring the characteristiof the company anits competitors, she believes the company will have extraornary growth for the next 4 years annormgrowth thereafter. So, she hconclutha two-stage M is the most appropriate for valuing the stock. PZ’s totvin paion 2017  w$0.22. She believes ththe growth rate will 12 percent the next 4 years an6 percent afterwar. The estimateththe requirereturn is 9 percent. Whis the terminvalue of the stobaseon this approach? $12.23. $20.12. $31.09. A is correct.考点M,The Gorn Growth Mol Equation The ImplievinGrowth Rate解析A是正确的。如表所示,终值V4= $12.23。 terminvalue 不用再 除以(1+9%)^4 折现到现在吗?

2024-01-27 16:23 1 · 回答

NO.PZ2018103102000042 问题如下 Jacques is the portfolio manager of pension anshe recently consir aing PZ In(New York StoExchange: PZ) to its portfolio. After carefully consiring the characteristiof the company anits competitors, she believes the company will have extraornary growth for the next 4 years annormgrowth thereafter. So, she hconclutha two-stage M is the most appropriate for valuing the stock. PZ’s totvin paion 2017  w$0.22. She believes ththe growth rate will 12 percent the next 4 years an6 percent afterwar. The estimateththe requirereturn is 9 percent. Whis the terminvalue of the stobaseon this approach? $12.23. $20.12. $31.09. A is correct.考点M,The Gorn Growth Mol Equation The ImplievinGrowth Rate解析A是正确的。如表所示,终值V4= $12.23。 老师,这个问题的终值指P4。那如果是三阶段M呢,比如说0-4年g1, 4-6年g2, 6年后g3,那terminvalue是P4吗?

2023-09-01 19:01 1 · 回答

NO.PZ2018103102000042 问题如下 Jacques is the portfolio manager of pension anshe recently consir aing PZ In(New York StoExchange: PZ) to its portfolio. After carefully consiring the characteristiof the company anits competitors, she believes the company will have extraornary growth for the next 4 years annormgrowth thereafter. So, she hconclutha two-stage M is the most appropriate for valuing the stock. PZ’s totvin paion 2017  w$0.22. She believes ththe growth rate will 12 percent the next 4 years an6 percent afterwar. The estimateththe requirereturn is 9 percent. Whis the terminvalue of the stobaseon this approach? $12.23. $20.12. $31.09. A is correct.考点M,The Gorn Growth Mol Equation The ImplievinGrowth Rate解析A是正确的。如表所示,终值V4= $12.23。 请问,终值为什么不计入?而只考虑V4呢?

2023-07-24 23:36 2 · 回答

NO.PZ2018103102000042 老师 teiminvalue为什么是求GGM的值 题目是读懂了 但是问题没明白。

2021-06-25 14:27 3 · 回答