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paige · 2021年05月06日

为啥不考虑outstanding shares股份数?

NO.PZ2018062002000047

问题如下:

Drew, an analyst from an investment company, recently gathered the following information for a market-capitalization-weighted index comprised of securities D,E,F:

What is the index's total return?

选项:

A.

3.04%.

B.

5.17%.

C.

8.12%

解释:

The total return of the market-capitalization-weighted index =end  of  period  value  +  total  dividends    beginning    of  period  value  beginning    of  period  value=15,750,000+1,245,00016,160,00016,160,0005.17%=\frac{end\;of\;period\;value\;+\;total\;dividends\;-\;beginning\;\;of\;period\;value\;}{beginning\;\;of\;period\;value}=\frac{15,750,000+1,245,000-16,160,000}{16,160,000}\approx5.17\% ,is calculated as the table below:


考点:市值加权指数计算total return

这道题原解析已经很清晰了,只要注意我们这里计算的是total return,所以需要考虑期间收益。

不用考虑outstanding shares?只考虑market value of index stocks么?

1 个答案

Kiko_品职助教 · 2021年05月08日

嗨,爱思考的PZer你好:


同学你好,没有理解你的意思呢。

这道题是考虑了outstanding shares的,在计算beginning和end of total value以及total dividends的时候都需要用单位价值乘以股数的。

以portfolioD为例:初始总价值是用单位价值*股数,即3400*1500.后面同理。


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2022-12-02 21:56 1 · 回答

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