第1题:
For the year just ended, N company had an earnings of$ 2 per share and paid a dividend of $ 1. 2 on its stock. The growth rate in net income and dividend are both expected to be a constant 7 percent per year, indefinitely. N company has a Beta of 0. 8, the risk - free interest rate is 6 percent, and the market risk premium is 8 percent.
P Company is very similar to N company in growth rate, risk and dividend. payout ratio. It had 20 million shares outstanding and an earnings of $ 36 million for the year just ended. The earnings will increase to $ 38. 5 million the next year.
Requirement :
A. Calculate the expected rate of return on N company 's equity.
B. Calculate N Company 's current price-earning ratio and prospective price - earning ratio.
C. Using N company 's current price-earning ratio, value P company 's stock price.
D. Using N company 's prospective price - earning ratio, value P company 's stock price.
A. The expected rate of return on N company's equity =6% +0. 8*8% =12.4%
B. Current price -earning ratio = (1. 2/2) * (1 +7% )/ (12.4% -7% ) =11. 89
Prospective price - earning ratio = (1. 2/2) / (12. 4% - 70% ) =11. 11
C. P company's stock = 11. 89* 36/20 = 21. 4
D. P company's stock = 11. 11* 38. 5/20 = 21. 39
第2题:
第3题:
What is BPR? ()
第4题:
Which of the following is the definition of CAS latency?()
第5题:
the expansion ratio will decrease
combustion will be slowed down
thermal efficiency will decrease
thermal efficiency will increase
第6题:
0
1
2
3
第7题:
the same ratio
more chain for each fathom of depth
less chain for each fathom of depth
two anchors with the same ratio of chain
第8题:
1 to 3
1 to 6
2 to 9
3to10
4 to 5
第9题:
CAS latency is the ratio between the column access time and the clock cycle time.
CAS latency is the ratio between the row access time and the clock cycle time.
CAS latency is the ratio between the column access time and the data burst transfer time.
CAS latency is the ratio between the row access time and the data burst transfer time.
第10题:
第11题:
aspect ratio
constriction ratio
rudder ratio
steering ratio
第12题:
lower cost
higher chirp
easier to manufacture
higher dispersion tolerance
higher optical signal-to-noise ratio
第13题:
第14题:
What is BPR?()
第15题:
What is the same meaning of location value? ()
第16题:
What is the ratio of physical partitions to logical partitions in rootvg in a non-mirrored environment()
第17题:
absolute humidity
relative humidity
specific humidity
total humidity
第18题:
第19题:
5:8
3:4
3:5
2:3
1:3
第20题:
Shape of the piston crowns
Increasing the compression ratios
Increasing the piston crowns
Increasing the turbocharger gear ratio
第21题:
An increase in compression ratio will increase the ignition lag
An increase in compression ratio will decrease the ignition lag
A decrease in compression ratio will decrease the ignition lag
A decrease in ignition lag will increase the compression ratio
第22题:
3/2
2/3
4/9
1/4
9/4
第23题:
$1. 20
$3. 00
$1. 50
75€
30€