请问这题最后的答案还是A吗

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NO.PZ202303150300000701

问题如下：

Using the data in Exhibit 1, the estimate of PRBI’s present value of growth opportunities (PVGO) is closest to:

选项：

A.$20.57. B.$27.02. C.$40.34.

解释：

Solution

A is correct. Using the PVGO and assuming that the company has no positive NPV projects:

PVGO Model:V₀ = E₁/r + PVGO = $70 = [($5.33 × 1.15)/0.124] + PVGO$70 = $49.43 + PVGOPVGO = $70 – $49.43 = $20.57

B is incorrect. It uses E₀ instead of E₁: $70 = ($5.33/0.124) + PVGO = $42.98; PVGO = $27.02

C is incorrect. It uses dividends instead of earnings.

$70 = [(5.33 × 0.60 × 1.15)/0.124] + PVGO

$70 = $29.65 + PVGO

PVGO =$70 – $29.65

= $40.35

老师好，请问：此题最终是遵循E1=E0*(1+g) 还是E1=E0?

最终答案是选？

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1 个答案

王园圆_品职助教 · 2025年06月02日

同学你好，这道题教研组之前的回复是这道题题目计算方法肯定是错的，所以不要做这道题了，直接忽略即可

一道错题是没有正确答案的哦，同学不要做了，考试需要遵循E1=E0来做PVGO相关的题目哦

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NO.PZ202303150300000701 问题如下 Using the ta in Exhibit 1, the estimate of PRBI’s present value of growth opportunities (PVGO) is closest to: A.$20.57. B.$27.02. C.$40.34. SolutionA is correct. Using the PVGO anassuming ththe company hno positive NPV projects:PVGO Mol:V0 = E1/r + PVGO = $70 = [($5.33 × 1.15)/0.124] + PVGO$70 = $49.43 + PVGOPVGO = $70 – $49.43 = $20.57B is incorrect. It uses E0 insteof E1: $70 = ($5.33/0.124) + PVGO = $42.98; PVGO = $27.02C is incorrect. It uses vin insteof earnings.$70 = [(5.33 × 0.60 × 1.15)/0.124] + PVGO$70 = $29.65 + PVGOPVGO =$70 – $29.65 = $40.35 PVGO E0=E1 為何解析還是把E0*(1+g)

2025-01-18 04:50 2 · 回答