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

gloria611 · 2020年07月12日

问一道题：NO.PZ201512300100001001

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

问题如下：

1. Which of the following long-term FCFE growth rates is most consistent with the facts and stated policies of Emerald?

选项：

A.

5 percent or lower.

B.

2 percent or higher.

C.

8 percent or higher.

解释：

C is correct.

The sustainable growth rate is return on equity (ROE) multiplied by the retention ratio. ROE is 10 percent, and the retention ratio is 1-Payout ratio, or 1.0- 0.2 = 0.8. The sustainable growth rate is 0.8 × 10% = 8%. FCFE growth should be at least 8 percent per year in the long term.

老师好，我记得基础班讲过FCFF和FCFE用的g是不一样的。这道题里计算fcfe的g是用：The sustainable growth rate is return on equity (ROE) multiplied by the retention ratio。那计算fcff的g应该怎么算呢？

添加评论
1 个答案

Debrah_品职答疑助手 · 2020年07月13日

同学你好，FCFF和FCFE的增长率确实是不同的，但是考试会直接分别给出这两个增长率分别是多少，不需要掌握计算。

  • 1

    回答

  • 0

    关注

  • 406

    浏览
相关问题

NO.PZ201512300100001001问题如下1. Whiof the following long-term FCFE growth rates is most consistent with the facts anstatepolicies of EmeralA.5 percent or lower.B.2 percent or higher.C.8 percent or higher.C is correct.The sustainable growth rate is return on equity (ROE) multipliethe retention ratio. ROE is 10 percent, anthe retention ratio is 1-Payout ratio, or 1.0- 0.2 = 0.8. The sustainable growth rate is 0.8 × 10% = 8%. FCFE growth shoulleast 8 percent per yein the long term. 能否讲一下具体的推导？

2024-10-01 11:15 1 · 回答

NO.PZ201512300100001001问题如下1. Whiof the following long-term FCFE growth rates is most consistent with the facts anstatepolicies of EmeralA.5 percent or lower.B.2 percent or higher.C.8 percent or higher.C is correct.The sustainable growth rate is return on equity (ROE) multipliethe retention ratio. ROE is 10 percent, anthe retention ratio is 1-Payout ratio, or 1.0- 0.2 = 0.8. The sustainable growth rate is 0.8 × 10% = 8%. FCFE growth shoulleast 8 percent per yein the long term. g 比8%更高的话，如11%，那不是违反了假设，g大于r 的假设吗

2023-10-06 16:49 1 · 回答

NO.PZ201512300100001001 ROE和g的关联公式是？

2021-07-08 20:28 1 · 回答

NO.PZ201512300100001001 我用公式算出了8 percent，但是不明白为什么是8 percent anhigher

2021-05-11 09:31 1 · 回答

这个为什么不考虑inventory changes (unsustainable source）5% 带来的影响？

2020-11-20 09:04 1 · 回答