$5,000
$10,000
$14,000
$35,000
$70,000
第1题:
For the year just ended,N company had an earnings of$2 per share and paid a dividend of $1.2 0n 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 rati0.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—eaming ratio and prospective price-earning rati0.
C.Using N company’S current price-earning rati0,value P company’S stock price.
D.Using N company’S prospective price-earning rati0,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%-7%)=11.11
C.P company’s stock=11.89×36/20=21.4
D.P company’s stock=11.11×36×(1+7%)/20=21.40
第2题:
(ii) Division C is considering a decision to lower its selling price to customers external to the group to $95
per kilogram. If implemented, this decision is expected to increase sales to external customers to
70,000 kilograms.
Required:
For BOTH the current selling price of CC of $105 per kilogram and the proposed selling price of $95
per kilogram, prepare a detailed analysis of revenue, costs and net profits of BAG.
Note: in addition, comment on other considerations that should be taken into account before this selling
price change is implemented. (6 marks)
第3题:
The most common method for pricing out non-burdened labor hours for a three year project would be to:
A . Price out the hours at the actual salary of the people to be assigned.
B . Price out the work using a company-wide average labor rate.
C . Price out the work using a functional group average labor rate.
D . All of the above.
E . A and B only.
第4题:
A、mortage
B、bond
C、pension
D、welfare
第5题:
A.prevalence
B.prevailing
C.prevailed
D.prevail
第6题:
(d) Calculate the ex dividend share price predicted by the dividend growth model and discuss the company’s
view that share price growth of at least 8% per year would result from expanding into the retail camera
market. Assume a cost of equity capital of 11% per year. (6 marks)
第7题:
Average User Number per QCI需要按照用户的[]分别统计
第8题:
100 The most common method for pricing out non-burdened labor hours for a three year project would be to:
A. Price out the hours at the actual salary of the people to be assigned.
B. Price out the work using a company-wide average labor rate.
C. Price out the work using a functional group average labor rate.
D. All of the above.
E. A and B only
第9题:
A.to increase the number of shares outstanding
B.reduce the market price of the stock per share
C.reduce earnings per share
D.increase the market activity of the shares
E.increase paid-in capital
第10题:
The primary purpose of a stock split is to ( )
A. increase paid-in capital
B. reduce the market price of the stock per share
C. increase the market price of the stock per share
D. increase retained earnings