请教答案
发布网友
发布时间：2022-04-21 22:15
共2个回答
热心网友
时间：2023-06-24 01:26
1.
增长率 g =ROE*Retention ratio=0.25*(4.32-54000/50000)/4.32=0.1875
股价 P =D1/(R-g)=D0(1+g)/(R-g)=1.08*(1+0.1875)/(0.2-0.1875)=102.6
2.
Instry Payout Ratio=(0.16+0.52+0.54)/(0.82+1.32+2.34)=0.2723
Instry Retention Ratio=1-0.2723=0.7277
Instry ROE=0.13
行业平均增长率Instry g (gi)=0.7277*0.13=0.0946
D1 =D0(1+g) =1.08*(1+0.1875)=1.2825 折现 P1= D1/1+0.1167=1.1485
D2 =D0(1+g)^2 =1.08*(1+0.1875)^2 折现 P2 =D2/(1+0.1167)^2=1.2213
D3 =D0(1+g)^3 =1.08*(1+0.1875)^3 折现 P3 =D3/(1+0.1167)^3=1.2987
D4 =D0(1+g)^4 =1.08*(1+0.1875)^4 折现 P4 =D4/(1+0.1167)^4=1.3811
D5 =D0(1+g)^2 =1.08*(1+0.1875)^5 折现 P5 =D5/(1+0.1167)^5=1.4686
D6 =D5(1+gi) = D5(1+0.0946) = 2.7916
Value in year 5 = D6/Ri-gi = D6/(0.1167-0.0946) =126.30
折现 PV5 =126.30/(1+0.1167)^5 = 72.73
每股价值 PV= P1+P2+P3+P4+P5+PV5 = 79.25
如果满意请给多点分，花了不少时间啊。
热心网友
时间：2023-06-24 01:26
1.D
recommended命令面宾语句谓语词用should+词原形其should省略
2.B
根据前面句式词washed、put
away作置定语修饰the
dishes词短语作状语理解本句主语Bill句主语所省略系词些句变状语简化语句
3.B
still
less
用于否定句意何况更用说;much
more1.
更加何况2.
更加何况
[用于肯定]
