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小七77 · 2025年04月27日

这道题可以列一下计算过程吗

NO.PZ2023032701000051

问题如下:

Baker informs Covey that the highest and lowest reasonable alternative estimates of the valuation model parameters are as follows: 15% for beta, 20% for equity risk premium, and 25% for growth rate. He asks Covey to perform a sensitivity analysis for each of these parameters while keeping all other inputs at the base case level. Covey’s results are shown in Exhibit 2.

Exhibit 2 Sensitivity Analysis to Model Parameters in Valuation of Wadgett’s Common Shares

Note: The risk-free rate is 1.2% in all cases.

Using the data in Exhibit 2, the parameter that causes the greatest sensitivity in valuing Wadgett’s common shares is the:

选项:

A.

beta

B.

growth rate

C.

equity risk premium

解释:

When the low/high measure of each variable is tested singly for sensitiv­ity in predicting a range of intrinsic value while holding the other variables at the base case, the equity risk premium variable produces the largest stock price range, as shown in the following table.

这道题可以列一下计算过程吗

1 个答案

王园圆_品职助教 · 2025年04月27日

同学你好,这道题就是用每一项的high estimate减去 low estimate就可以得到range了

以FCFE growth rate为例,就是 89.29-25.67 = 63.62,就是解析中的结果噢

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NO.PZ2023032701000051 问题如下 Baker informs Covey ththe highest anlowest reasonable alternative estimates of the valuation mol parameters are follows: 15% for bet20% for equity risk premium, an25% for growth rate. He asks Covey to perform a sensitivity analysis for eaof these parameters while keeping all other inputs the base case level. Covey’s results are shown in Exhibit 2.Exhibit 2 Sensitivity Analysis to Mol Parameters in Valuation of Waett’s Common SharesNote: The risk-free rate is 1.2% in all cases.Using the ta in Exhibit 2, the parameter thcauses the greatest sensitivity in valuing Waett’s common shares is the: A.bet B.growth rate C.equity risk premium When the low/high measure of eavariable is testesingly for sensitiv­ity in precting a range of intrinsic value while holng the other variables the base case, the equity risk premium variable proces the largest stoprirange, shown in the following table. Baker informs Covey ththe highest anlowest reasonable alternative estimates of the valuation mol parameters are follows: 15% for bet20% for equity risk premium, an25% for growth rate.这个可以理解为这三个变量的最高和最低值的平均值为15%、20%和25%吗?还有这三个值跟下面表格有什么关联吗?

2024-08-12 16:58 1 · 回答

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2023-09-27 13:46 1 · 回答