首页
财务会计
医药卫生
金融经济
考公考编
外语考试
学历提升
职称考试
建筑工程
IT考试
其他
登录
外语考试
For the year just ended, N company had
For the year just ended, N company had
恬恬
2019-12-17
53
问题
<P>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><P>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.</P><P>Requirement :</P><P>A. Calculate the expected rate of return on N company 's equity.</P><P>B. Calculate N Company 's current price-earning ratio and prospective price - earning ratio.</P><P>C. Using N company 's current price-earning ratio, value P company 's stock price.</P><P>D. Using N company 's prospective price - earning ratio, value P company 's stock price.</P>
选项
答案
解析
<P>A. The expected rate of return on N company's equity =6% +0. 8*8% =12.4%</P><P>B. Current price -earning ratio = (1. 2/2) * (1 +7% )/ (12.4% -7% ) =11. 89</P><P>Prospective price - earning ratio = (1. 2/2) / (12. 4% - 70% ) =11. 11</P><P>C. P company's stock = 11. 89* 36/20 = 21. 4</P><P>D. P company's stock = 11. 11* 38. 5/20 = 21. 39</P>
转载请注明原文地址:https://ti.zuoweng.com/ti/2uDfKKKQ
相关试题推荐
Thecompanyissuesanannualreporte
Thecompanytakesenvironmentalissuesi
Thecompanyenduredheavyfinancialloss
Thecompany\'sexportshavebeenincreasi
Thecompanyissuesanannualreporteve
共用题干 AcompanyinPhoenix,Arizona,says
Thecompanyissuesanannualreportever
Fortheyearjustended,Ncompanyhad
Mcompanyisamanufactorywhichproduce
NCompanymanufacturesakindofproduct
随机试题
关于社会评价和社会稳定分析的说法,正确的有( )。 A.两者均以社会调查、社
A细胞外液渗透克分子浓度的主要决定因素为:Na+,因其在细胞 外液中几乎占一半,且不能通过细胞膜,所以它是细胞外液渗透性的主要 决定因素。
复员军人老刘突发心脏病住进某优抚医院。几个疗程后,已痊愈的老刘不肯出院。社会工作
在计算各步骤成本时,不计算各步骤所产半成品的成本,也不计算各步骤所耗上一步骤
5岁男孩,高热1天,食欲不振,流涎。查体:T39.6℃,咽部充血,软愕部可见数
饮料瓶盖、药瓶盖等不用的瓶盖随处可见,如果扔掉,只能是生活垃圾。 请设计一个活动,让幼儿将瓶盖重新利用起来,使其懂得再利用的好处。
脱疽热毒证用A.四妙勇安汤B.阳和汤C.桃红四物汤D.桂附八味丸E.六味地黄丸
从健康教育计划实施开始,并贯穿于计划执行全过程的评价是A.形成评价B.总结评价C.过程评价D.效应评价E.结局评价
下列选项中,应当认定期货经纪合同无效的是()。A:违反法律、法规禁止性规定B:没有从事期货经纪业务的主体资格而从事期货经纪业务的C:不具备从事期货交易主体资
共用题干 2011年3月,日本发生里氏8级以上的地震,地震后核电站发生多起核爆炸。我国沿海居民为了防止核辐射,争相抢购食盐,以及含食盐较多的食品,食盐价...