为什么这里是one year from now,要再折现
A perpetual preferred stock makes its first quarterly dividend payment of $2.00 in five quarters. If the required annual rate of return is 6% compounded quarterly, the stock’s present value is closest to:
您的回答, 正确答案是: B
A
不正确$31.
B
$126.
C
$133.
数据统计(全部)
做对次数: 1693
做错次数: 2321
正确率: 42.18%
数据统计(个人)
做对次数: 0
做错次数: 1
正确率: 0.00%
解析
B is correct.
The value of the perpetuity one year from now is calculated as: PV = A/r, where PV is present value, A is annuity, and r is expressed as a quarterly required rate of return because the payments are quarterly. PV = $2.00/(0.06/4) PV = $133.33. The value today is (where FV is future value) PV = FV(1 + r)–N
PV = $133.33(1 + 0.015)–4
PV = $125.62 ≈ $126
