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

elizaben · 2018年03月31日

问一道题：NO.PZ201710200100000202 第2小题 [ CFA II ]

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

问题如下图：

    

选项：

A.

B.

C.

解释：


请问老师这个按计算器的时候：CF0=2.431 CF1=2.553 CF2=2.681 CF3=60.795 I=8% 为什么计算出来的NPV=55.多 不是这个答案 再除以1.08才是 这是为什么呢 

添加评论
1 个答案

吴昊_品职助教 · 2018年03月31日

从CF1开始输入，一直到CF4结束，你可以再按一遍计算器。加油~


Yang · 2020年02月14日

CF0=2.325 不纳入计算吗？

  • 1

    回答

  • 0

    关注

  • 351

    浏览
相关问题

NO.PZ201710200100000202 问题如下 2. Using her first valuation approaanExhibit 1, Withers’s forecast of the per share stovalue of Ukon Corporation the enof 2017 shoulclosest to: A.EUR 48. B.EUR 50. C.EUR 51 C is correbaseon Withers’s assumptions applieto the vinvaluation mol. The stovalue of the enof 2017 equals the present value of all future vin in 2018 through 2021 plus the present value of the terminvalue the enof 2021. The forecastestovalue equals EUR 51.254:57.98060.79544.68620222.815(1.03) = 2.899Total51.254The terminvalue the enof 2021 is calculateusing the vinin the first yebeyonthe first stage, vithe fferenbetween the requirerate of return anthe growth rate in the seconstage.Terminvalue enof 2021 = 2.815*(1.03)/ ( 0.08−0.03 ) =57.980 能画个图把时间点标注一下吗

2024-04-22 12:08 1 · 回答

NO.PZ201710200100000202 问题如下 2. Using her first valuation approaanExhibit 1, Withers’s forecast of the per share stovalue of Ukon Corporation the enof 2017 shoulclosest to: A.EUR 48. B.EUR 50. C.EUR 51 C is correbaseon Withers’s assumptions applieto the vinvaluation mol. The stovalue of the enof 2017 equals the present value of all future vin in 2018 through 2021 plus the present value of the terminvalue the enof 2021. The forecastestovalue equals EUR 51.254:57.98060.79544.68620222.815(1.03) = 2.899Total51.254The terminvalue the enof 2021 is calculateusing the vinin the first yebeyonthe first stage, vithe fferenbetween the requirerate of return anthe growth rate in the seconstage.Terminvalue enof 2021 = 2.815*(1.03)/ ( 0.08−0.03 ) =57.980 我计算方式是第二阶段的GGM=2.68*1.03/0.05=55.208，跟答案不一致，但没觉得哪里有错？

2024-01-23 11:38 1 · 回答

NO.PZ201710200100000202 问题如下 2. Using her first valuation approaanExhibit 1, Withers’s forecast of the per share stovalue of Ukon Corporation the enof 2017 shoulclosest to: A.EUR 48. B.EUR 50. C.EUR 51 C is correbaseon Withers’s assumptions applieto the vinvaluation mol. The stovalue of the enof 2017 equals the present value of all future vin in 2018 through 2021 plus the present value of the terminvalue the enof 2021. The forecastestovalue equals EUR 51.254:57.98060.79544.68620222.815(1.03) = 2.899Total51.254The terminvalue the enof 2021 is calculateusing the vinin the first yebeyonthe first stage, vithe fferenbetween the requirerate of return anthe growth rate in the seconstage.Terminvalue enof 2021 = 2.815*(1.03)/ ( 0.08−0.03 ) =57.980 这题的答案我有点蒙，我算是2.315/1.08+2.315/1.08^ 2+。。。+（2.315*（1.05^ 4）（1.03）/（0.08-0.03）），跟答案里的不一样，答案里每年v都在三年基础上乘，这个和我这种说法的区别点在哪里？

2022-12-22 22:00 1 · 回答

NO.PZ201710200100000202 为什么不用（1+g)/(1+r)?算

2021-11-25 23:50 1 · 回答

NO.PZ201710200100000202 如题，我自己用计算器得出的答案是55点多，和对不上，想看看是哪一步有问题

2021-08-24 21:14 1 · 回答