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神仙S · 2017年08月15日

问一道题:NO.PZ2015121802000019

问题如下图:

    

选项:

A.

B.

C.

解释:

此题中,其他解释都明白,思路也明白,唯一不明白的就是为什么在T=1时候题目中说给的DIV每股1美金,我觉得最后应该是按照此时手中有两支股票,一共给2美金才对,但解释中CF1里只算了1美金的DIV,麻烦请解释一下~谢谢!

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源_品职助教 · 2017年08月15日

通常情况下投资者刚买入的股票是不会立刻分红的,分红本身也是对投资者投资(长期持有股票)行为奖励。或者说刚买入的股票价格就应经包含了分红的影响(比如股价是51,分红1元,然后股价变为50元,投资者以50元买入)。

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