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AL · 2021年10月14日

Hi, is it ok to answer in the following way?

NO.PZ2018091705000059

问题如下:

John C. Hill, sole owner of JCH Equipment Leasing Co. (JCH), is evaluating a future sale of his company and approaches Mary Keller, a wealth adviser, for advice.

Hill refers his friend, Richard Morrison, the former CEO of Masury Bridge and Iron (MBI), to Keller to discuss his wealth goals. Keller meets with Morrison and gathers the following information:

 Richard Morrison is 50 years old and his spouse, Meredith, is 49 years old. Both are healthy and both expect to live at least an additional 40 years.

 The Morrisons have a 20-year-old son and would like to transfer 5% of their wealth to him during their lifetime.

 Richard Morrison retired two years ago and intends to spend his time serving on philanthropic boards; Meredith does not work.

 The Morrisons own 2 million shares of MBI, currently valued at $50 million, representing approximately 90% of their wealth.

 MBI is a large, publicly traded company, and the Morrisons’ position equals approximately 1% of the total market capitalization.

 The Morrison family depends on dividends from MBI for their day-to-day living expenses.

 The cost basis of their MBI shares is close to zero, and the capital gains tax rate is 15%.

 Richard Morrison is loyal to MBI, follows the stock closely, believes he knows the company better than other investors, and expects the company to continue to be a good investment in the future just like it has been in the past.

 The Morrisons’ key objective is to maintain their current standard of living during retirement.

State and discuss two constraints on the Morrisons’ ability to achieve their primary objectives using an outright sale of MBI shares.

选项:

解释:

Two constraints that may inhibit the Morrisons from achieving their primary objective are the tax consequences of a sale and the attachment of Mr. Morrison to his company as an investment. With a cost basis of nearly zero, an outright sale in the current year would result in the Morrisons incurring a capital gains tax of approximately $7.5 million.

Hi, is it ok to answer in the following way? if it is ok , can I score all marks. if not, what is missing?


thanks a lot~


Morizons depends on dividends from MBI for normal living expense

Sale of the MBI shares would have no dividend distributed to them


Morixon expects the company to be continuously good in the future

Sale of MBI shares would loss the upside potential in the future


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已采纳答案

王暄_品职助教 · 2021年10月15日

可以的,但你缺少了一个重要的一点就是Right sale would result in capital gain tax which would be a large amount since the cost basis is nearly zero.

AL · 2021年10月15日

你好 謝謝你 回答 問題講State and discuss two constraints 居我理解要回三個點每一個constraint。那我就回了每個兩個 但是 您說要加多一個是加到我其中一個點裡面嗎 謝謝

王暄_品职助教 · 2021年10月31日

结论,证据,解释,三段论, 第一步不是結論嗎 , 剛剛意思是定義在不在這三部其中, 不在的話是第四部? 他們考官會看完四句嗎? 我看完經典題視頻 有點覺得定義其實也是解釋

明白了,定义通常会融汇在解释中,解释中可以包括定义。

王暄_品职助教 · 2021年10月31日

請問給定義在三步中的是那一步

给出定义我自己习惯性放在第一步。并没有严格得要求,可以自己看着安排。


不在其中的話 什麼時候要給?

抱歉,我没有理解这句话得意思,是否可以说得清楚一些。


AL · 2021年10月31日

结论,证据,解释,三段论, 第一步不是結論嗎 , 剛剛意思是定義在不在這三部其中, 不在的話是第四部? 他們考官會看完四句嗎? 我看完經典題視頻 有點覺得定義其實也是解釋

王暄_品职助教 · 2021年10月16日

好 謝謝 那就近 state n discuss 要回 兩個還三個 ? 李老師講 要提出 然後文中找 然後再解釋 這樣對嗎 沒聽錯? 謝謝

一半题目会说明让你写几个,让你写几个就写几个。

李老师说的是:结论,证据,解释,三段论。

AL · 2021年10月30日

請問給定義在三步中的是那一步 不在其中的話 什麼時候要給?

王暄_品职助教 · 2021年10月15日

每一個兩個點嗎 還是 但我聽李老師講 state n disscuss 要三個? 我再加這個就三個answer啦 那他們看就看前兩個不是嗎 那我還有沒有分 謝謝啦

你可以把dividend那个去掉,换成我说的这个,或者干脆写三点,也不会扣分。

AL · 2021年10月15日

好 謝謝 那就近 state n discuss 要回 兩個還三個 ? 李老師講 要提出 然後文中找 然後再解釋 這樣對嗎 沒聽錯? 謝謝

AL · 2021年10月15日

這很重要 希望您能回答 謝謝啦

王暄_品职助教 · 2021年10月15日

你好 謝謝你 回答 問題講State and discuss two constraints 居我理解要回三個點每一個constraint。那我就回了每個兩個 但是 您說要加多一個是加到我其中一個點裡面嗎 謝謝

两个点即可,但我我个人建议加上我说的这个点,因为这是很重要的一点~

AL · 2021年10月15日

每一個兩個點嗎 還是 但我聽李老師講 state n disscuss 要三個? 我再加這個就三個answer啦 那他們看就看前兩個不是嗎 那我還有沒有分 謝謝啦

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这里边说的cost basis nezero是什么意思,是说买股票没有费用,所以资本利得会很多么

2021-11-21 18:58 1 · 回答

NO.PZ2018091705000059 John Hill, sole owner of JEquipment Leasing Co. (JCH), is evaluating a future sale of his company anapproaches Mary Keller, a wealth aiser, for aice. Hill refers his frien RicharMorrison, the former CEO of Masury Brie anIron (MBI), to Keller to scuss his wealth goals. Keller meets with Morrison angathers the following information: • RicharMorrison is 50 years olanhis spouse, Mereth, is 49 years ol Both are healthy anboth expeto live least aition40 years. • The Morrisons have a 20-year-olson anwoullike to transfer 5% of their wealth to him ring their lifetime. • RicharMorrison retiretwo years ago aninten to spenhis time serving on philanthropic boar; Mereth es not work. • The Morrisons own 2 million shares of MBI, currently value$50 million, representing approximately 90% of their wealth. • Mis a large, publicly tracompany, anthe Morrisons’ position equals approximately 1% of the totmarket capitalization. • The Morrison family pen on vin from Mfor their y-to-y living expenses. • The cost basis of their Mshares is close to zero, anthe capitgains trate is 15%. • RicharMorrison is loyto MBI, follows the stoclosely, believes he knows the company better thother investors, anexpects the company to continue to a gooinvestment in the future just like it hbeen in the past. • The Morrisons’ key objective is to maintain their current stanrof living ring retirement. State anscuss two constraints on the Morrisons’ ability to achieve their primary objectives using outright sale of Mshares. Two constraints thminhibit the Morrisons from achieving their primary objective are the tconsequences of a sale anthe attachment of Mr. Morrison to his company investment. With a cost basis of nearly zero, outright sale in the current yewoulresult in the Morrisons incurring a capitgains tof approximately $7.5 million. attachment of Mr. Morrison to his company investment 不是willingness吗,也可以算ability?

2021-05-05 10:24 1 · 回答

John Hill, sole owner of JEquipment Leasing Co. (JCH), is evaluating a future sale of his company anapproaches Mary Keller, a wealth aiser, for aice. Hill refers his frien RicharMorrison, the former CEO of Masury Brie anIron (MBI), to Keller to scuss his wealth goals. Keller meets with Morrison angathers the following information: • RicharMorrison is 50 years olanhis spouse, Mereth, is 49 years ol Both are healthy anboth expeto live least aition40 years. • The Morrisons have a 20-year-olson anwoullike to transfer 5% of their wealth to him ring their lifetime. • RicharMorrison retiretwo years ago aninten to spenhis time serving on philanthropic boar; Mereth es not work. • The Morrisons own 2 million shares of MBI, currently value$50 million, representing approximately 90% of their wealth. • Mis a large, publicly tracompany, anthe Morrisons’ position equals approximately 1% of the totmarket capitalization. • The Morrison family pen on vin from Mfor their y-to-y living expenses. • The cost basis of their Mshares is close to zero, anthe capitgains trate is 15%. • RicharMorrison is loyto MBI, follows the stoclosely, believes he knows the company better thother investors, anexpects the company to continue to a gooinvestment in the future just like it hbeen in the past. • The Morrisons’ key objective is to maintain their current stanrof living ring retirement. State anscuss two constraints on the Morrisons’ ability to achieve their primary objectives using outright sale of Mshares. Two constraints thminhibit the Morrisons from achieving their primary objective are the tconsequences of a sale anthe attachment of Mr. Morrison to his company investment. With a cost basis of nearly zero, outright sale in the current yewoulresult in the Morrisons incurring a capitgains tof approximately $7.5 million. 第二个因素我写的是psychologicconsirations,可以吗?因为老师讲的时候就是税收和这个心理偏差,还是一定要按照答案这样描写,出到类似题该如何回答?

2020-02-16 22:12 1 · 回答

John Hill, sole owner of JEquipment Leasing Co. (JCH), is evaluating a future sale of his company anapproaches Mary Keller, a wealth aiser, for aice. Hill refers his frien RicharMorrison, the former CEO of Masury Brie anIron (MBI), to Keller to scuss his wealth goals. Keller meets with Morrison angathers the following information: • RicharMorrison is 50 years olanhis spouse, Mereth, is 49 years ol Both are healthy anboth expeto live least aition40 years. • The Morrisons have a 20-year-olson anwoullike to transfer 5% of their wealth to him ring their lifetime. • RicharMorrison retiretwo years ago aninten to spenhis time serving on philanthropic boar; Mereth es not work. • The Morrisons own 2 million shares of MBI, currently value$50 million, representing approximately 90% of their wealth. • Mis a large, publicly tracompany, anthe Morrisons’ position equals approximately 1% of the totmarket capitalization. • The Morrison family pen on vin from Mfor their y-to-y living expenses. • The cost basis of their Mshares is close to zero, anthe capitgains trate is 15%. • RicharMorrison is loyto MBI, follows the stoclosely, believes he knows the company better thother investors, anexpects the company to continue to a gooinvestment in the future just like it hbeen in the past. • The Morrisons’ key objective is to maintain their current stanrof living ring retirement. State anscuss two constraints on the Morrisons’ ability to achieve their primary objectives using outright sale of Mshares. Two constraints thminhibit the Morrisons from achieving their primary objective are the tconsequences of a sale anthe attachment of Mr. Morrison to his company investment. With a cost basis of nearly zero, outright sale in the current yewoulresult in the Morrisons incurring a capitgains tof approximately $7.5 million. 老师你好,这里的两个限制是1、卖资产的资本利得税 2、对股票的情感因素吗?

2019-12-25 09:21 1 · 回答