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

Pina · 2021年01月19日

问一道题：NO.PZ201512300100000902

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

问题如下：

2. In the first approach, what proportion of the total value of the stock is represented by the value of second stage?

选项：

A.

0.10.

B.

0.52.

C.

0.90.

解释：

C is correct.

As shown in the above table, the value of the second stage = PV of V8 = C$15.9095. The total value is C$17.6528. As a proportion, the second stage represents 15.9095/17.6528 = 0.90 of the total value.


老师好 这题我的理解是yr0-yr3 is the stage 1, yr3-yr11 is the stage 2 and yr 11 and above is the stage 3. 这题要求的是stage 2's value over the total value? 但答案里貌似就用stage 3 的terminal value 折现到Y3 然后去和YR3-YR11 间这先到YR3的价值去比求占比。为什么不是stage 2 (yrr3-yr11 间的折现）'s value over the total （yr0-yr11)的折现？谢谢。


添加评论
1 个答案

Pina · 2021年01月19日

老师 是不是因为题中说到Dobson is doing the analysis in January 2009 所以就只要折现到我图中得YR3 即可？谢谢。

  • 1

    回答

  • 0

    关注

  • 353

    浏览
相关问题

NO.PZ201512300100000902 问题如下 2. In the first approach, whproportion of the totvalue of the stois representethe value of seconstage? A.0.10. B.0.52. C.0.90. C is correct.shown in the above table, the value of the seconstage = PV of V8 = C$15.9095. The totvalue is C$17.6528. a proportion, the seconstage represents 15.9095/17.6528 = 0.90 of the totvalue. 这道题不是说半年分一次红吗？那是不是不用考虑半年的情况，直接把一年内合起来计算？

2024-03-31 15:39 1 · 回答

NO.PZ201512300100000902问题如下2. In the first approach, whproportion of the totvalue of the stois representethe value of seconstage?A.0.10.B.0.52.C.0.90.C is correct.shown in the above table, the value of the seconstage = PV of V8 = C$15.9095. The totvalue is C$17.6528. a proportion, the seconstage represents 15.9095/17.6528 = 0.90 of the totvalue.这题用考试用计算器的计算过程如何？有没有什么快速计算方式？

2023-05-02 14:45 2 · 回答

NO.PZ201512300100000902 问题如下 2. In the first approach, whproportion of the totvalue of the stois representethe value of seconstage? A.0.10. B.0.52. C.0.90. C is correct.shown in the above table, the value of the seconstage = PV of V8 = C$15.9095. The totvalue is C$17.6528. a proportion, the seconstage represents 15.9095/17.6528 = 0.90 of the totvalue. 请问The totvalue is C$17.6528是怎么算出来的

2023-04-11 10:36 1 · 回答

NO.PZ201512300100000902 不包括 的折现么

2021-12-15 10:44 3 · 回答

NO.PZ201512300100000902 老师好， 这道题一开始我想用计算器的CF功能，但我看它里面的C只可以输入6组，但是这个题给了8组，我是自己手算的。老师有什么办法？谢谢

2021-05-29 23:13 1 · 回答