问题如下图:
选项:
A.
B.
C.
解释:
请问第一个错在哪里,谢谢
NO.PZ201601200500000904问题如下4. Are Golerg’s comments about reoptions correct?A.No for Comment 1 anComment 2.B.No for Comment 1 anYes for Comment 2.C.Yes for Comment 1 anNo for Comment 2.B is correct.Golerg’s first comment is wrong. A projeshoulabannein the future only when its abannment value is more ththe scountevalue of the remaining cash flows. Golerg’s seconcomment is correct. 根据老师上课的例子,这个option value 就是执行option 以后 多出来的那块价值 ,比如我们计算不含权的 operating =30, 如果含权的operating CF=40,那么多出来的10,就是option value。如果 option cost npv(所有的10)的话, 那么最终的 含权npv 就会比不含权npv大。 应该是这样子吧?
NO.PZ201601200500000904 放弃期权不是期初支付一笔钱,未来如果项目需求低就可以行使放弃期权,后面的现金流就都是0了嘛。 解析当中出现的origininvestment 我认为可以相当于期权的成本其实也等于期权的价值了,因为后面没有现金流了。可以这么理解吗
NO.PZ201601200500000904 No for Comment 1 anYes for Comment 2. Yes for Comment 1 anNo for Comment 2. B is correct. Golerg’s first comment is wrong. A projeshoulabannein the future only when its abannment value is more ththe scountevalue of the remaining cash flows. Golerg’s seconcomment is correct. 评论1说的是不是当要放弃的项目未来现金流折现总和大于初始投入,放弃投资的权利是有价值的?评论2题目没明白啥意思
abanment value的公式是什么?我以为是一个项目如果中途停止了的话的NPV time0