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

Jerry-ge · 2024年02月05日

想请问一下这边的i\y和PMT分别是多少，怎么来看的呀

  1. CFA I
  2. Quantitative

NO.PZ2022123001000155

问题如下：

Suppose Mylandia announces that it expects significant cash flow growth over the next three years, and now plans to increase its recent CAD2.40 dividend by 10 percent in each of the next three years. Following the 10 percent growth period, Mylandia is expected to grow its annual dividend by a constant 3 percent indefinitely. Mylandia’s required return is 8 percent. Based upon these revised expectations, The expected share price of Mylandia stock is:

选项：

A.

CAD49.98

B.

CAD55.84

C.

CAD59.71

解释：

C is correct. Following the first step, we observe the following expected dividends for Mylandia for the next three years:

In 1 year: D1 = CAD2.64 (=2.40×1.10)

In 2 years: D2 = CAD2.90 (=2.40×1.102)

In 3 years: D3 = CAD3.19 (=2.40×1.103)

The second step involves a lower 3 percent growth rate. At the end of year four, Mylandia’s dividend (D4) is expected to be CAD3.29 (=2.40×1.103×1.03). At this time, Mylandia’s expected terminal value at the end of three years is CAD65.80 using Equation 17, as follows:

E( St +n ) = 3.29/(0.08-0.03) = 65.80.

Third, we calculate the sum of the present values of these expected dividends using Equation 16:

PVt =2.64/1.08 + 2.90/1.082 + 3.19/1.083 + 65.80/1.083 = 59.71 .

想请问一下这边的i\y和PMT分别是多少，怎么来看的呀

添加评论
1 个答案

品职助教_七七 · 2024年02月05日

嗨，从没放弃的小努力你好：


PMT和I/Y是计算器的按键，但这道题是股票的情况。股票的现金流往往不是固定的，也就不能用计算器来算。

PMT和I/Y一般出现在债券的问题中，其中：

PMT是等间隔的固定现金流。在债券问题中就是coupon。

I/Y是市场利率，例如债券的YTM。


在这道题里，只有每年都在变化（增长）的股利，和市场利率8%

----------------------------------------------
努力的时光都是限量版，加油！

  • 1

    回答

  • 0

    关注

  • 247

    浏览
相关问题

NO.PZ2022123001000155问题如下 Suppose Mylana announces thit expects significantcash flow growth over the next three years, annow plans to increase itsrecent CA.40 vin10 percent in eaof the next three years.Following the 10 percent growth perio Mylana is expecteto grow its annualvina constant 3 percent infinitely. Mylana’s requirereturn is 8percent. Baseupon these reviseexpectations, The expecteshare priofMylana stois: A.CA9.98B.CA5.84C.CA9.71 C is correct. Followingthe first step, we observe the following expectevin for Mylana forthe next three years:In 1 year: = CA.64(=2.40×1.10)In 2 years: = CA.90(=2.40×1.102)In 3 years: = CA.19(=2.40×1.103)The seconstep involves alower 3 percent growth rate. the enof yefour, Mylana’s vin()is expecteto CA.29 (=2.40×1.103 ×1.03). this time, Mylana’s expecteerminvalue the enof three years is CA5.80 using Equation 17, asfollows:E( St +n ) =3.29/(0.08-0.03) = 65.80.Thir we calculate thesum of the present values of these expectevin using Equation 16:PVt=2.64/1.08 + 2.90/1.082 + 3.19/1.083 + 65.80/1.083= 59.71 . 我计算器算出来NPV之后再按向下箭头就没有IRR 出来了是怎么回事啊？

2024-08-04 15:04 1 · 回答

NO.PZ2022123001000155 问题如下 Suppose Mylana announces thit expects significantcash flow growth over the next three years, annow plans to increase itsrecent CA.40 vin10 percent in eaof the next three years.Following the 10 percent growth perio Mylana is expecteto grow its annualvina constant 3 percent infinitely. Mylana’s requirereturn is 8percent. Baseupon these reviseexpectations, The expecteshare priofMylana stois: A.CA9.98 B.CA5.84 C.CA9.71 C is correct. Followingthe first step, we observe the following expectevin for Mylana forthe next three years:In 1 year: = CA.64(=2.40×1.10)In 2 years: = CA.90(=2.40×1.102)In 3 years: = CA.19(=2.40×1.103)The seconstep involves alower 3 percent growth rate. the enof yefour, Mylana’s vin()is expecteto CA.29 (=2.40×1.103 ×1.03). this time, Mylana’s expecteerminvalue the enof three years is CA5.80 using Equation 17, asfollows:E( St +n ) =3.29/(0.08-0.03) = 65.80.Thir we calculate thesum of the present values of these expectevin using Equation 16:PVt=2.64/1.08 + 2.90/1.082 + 3.19/1.083 + 65.80/1.083= 59.71 . 如何按计算器CF0=2.4CF1=2.64CF2=2.90CF3=3.19CF4=65.71IRR=8为什么是错误的

2024-07-13 09:30 1 · 回答

NO.PZ2022123001000155问题如下 Suppose Mylana announces thit expects significantcash flow growth over the next three years, annow plans to increase itsrecent CA.40 vin10 percent in eaof the next three years.Following the 10 percent growth perio Mylana is expecteto grow its annualvina constant 3 percent infinitely. Mylana’s requirereturn is 8percent. Baseupon these reviseexpectations, The expecteshare priofMylana stois: A.CA9.98B.CA5.84C.CA9.71 C is correct. Followingthe first step, we observe the following expectevin for Mylana forthe next three years:In 1 year: = CA.64(=2.40×1.10)In 2 years: = CA.90(=2.40×1.102)In 3 years: = CA.19(=2.40×1.103)The seconstep involves alower 3 percent growth rate. the enof yefour, Mylana’s vin()is expecteto CA.29 (=2.40×1.103 ×1.03). this time, Mylana’s expecteerminvalue the enof three years is CA5.80 using Equation 17, asfollows:E( St +n ) =3.29/(0.08-0.03) = 65.80.Thir we calculate thesum of the present values of these expectevin using Equation 16:PVt=2.64/1.08 + 2.90/1.082 + 3.19/1.083 + 65.80/1.083= 59.71 . 求解答，一下。。。。。

2024-07-09 00:26 1 · 回答

NO.PZ2022123001000155 问题如下 Suppose Mylana announces thit expects significantcash flow growth over the next three years, annow plans to increase itsrecent CA.40 vin10 percent in eaof the next three years.Following the 10 percent growth perio Mylana is expecteto grow its annualvina constant 3 percent infinitely. Mylana’s requirereturn is 8percent. Baseupon these reviseexpectations, The expecteshare priofMylana stois: A.CA9.98 B.CA5.84 C.CA9.71 C is correct. Followingthe first step, we observe the following expectevin for Mylana forthe next three years:In 1 year: = CA.64(=2.40×1.10)In 2 years: = CA.90(=2.40×1.102)In 3 years: = CA.19(=2.40×1.103)The seconstep involves alower 3 percent growth rate. the enof yefour, Mylana’s vin()is expecteto CA.29 (=2.40×1.103 ×1.03). this time, Mylana’s expecteerminvalue the enof three years is CA5.80 using Equation 17, asfollows:E( St +n ) =3.29/(0.08-0.03) = 65.80.Thir we calculate thesum of the present values of these expectevin using Equation 16:PVt=2.64/1.08 + 2.90/1.082 + 3.19/1.083 + 65.80/1.083= 59.71 . 1.01的三次方计算器怎么按，我输入1.01，yx，3，为什么结果是0？

2024-02-29 16:06 1 · 回答