財務(wù)管理計算題試題和答案

.7感謝閱讀7謝謝閱讀FV7PVFVIFi，n1.94872謝謝閱讀77年謝謝閱讀感謝閱讀感謝閱讀感謝閱讀精品文檔放心下載2謝謝閱讀A100000FVA3979.47nFVIFAFVIFAi,n15感謝閱讀PVFVnPVIFi,n1000000.387838780）A100000200007%)10FVIFA15100000-200001.967225.1292417.37精品文檔放心下載感謝閱讀..精品文檔放心下載K0.20.50.3精品文檔放心下載92）92）92）感謝閱讀222V22.2792100%24.21%6%24.21%1.45%謝謝閱讀要求的風(fēng)險收益額：921.45%8%1.45%14.21925008%10.4%預(yù)期的風(fēng)險收益額：9210.4%8%10.4%52RKmAβ謝謝閱讀fA于AKAR由Km與K精品文檔放心下載fARKm由K感謝閱讀fAAKARF(KMRF)10%1.216%）證券市場線的斜率是(KMRFK13%15%18%MK1.219%A精品文檔放心下載K10%1.210%)13.6%A謝謝閱讀55感謝閱讀A..BCDEβ謝謝閱讀）79β謝謝閱讀）解：K0.17%0.29%0.411%0.313%0.115%11%M精品文檔放心下載K6%0.58.5%A感謝閱讀K6%2.016%B感謝閱讀K6%4.06%)26%C精品文檔放心下載K6%1.011%D精品文檔放心下載K6%3.0E謝謝閱讀K6%2.016%感謝閱讀感謝閱讀謝謝閱讀謝謝閱讀謝謝閱讀謝謝閱讀..KD0g)g8%14.1%P0VD01Kg10.5%8%精品文檔放心下載β1據(jù)謝謝閱讀β03謝謝閱讀β謝謝閱讀解：1KM12%0∴KRFK5%0.58.5%謝謝閱讀K3414010%4040謝謝閱讀7感謝閱讀精品文檔放心下載謝謝閱讀感謝閱讀謝謝閱讀）700000.52000000.5元謝謝閱讀且KRFRR6%8%14%∴資產(chǎn)組合的現(xiàn)值1350001118421元）投資的預(yù)期報酬率135000118421114%K6%12%18%精品文檔放心下載..∴資產(chǎn)組合的現(xiàn)值135000118%114407元51221）感謝閱讀和；5精品文檔放心下載）(20000002000000)2精品文檔放心下載DFL200000015000001.33

DTLDOLDFL21.332.66感謝閱讀變動成本總額5500000100000050000001100000EBIT5500000110000020000002400000EBT24000005000001900000謝謝閱讀40%)感謝閱讀100000)2.6精品文檔放心下載精品文檔放心下載感謝閱讀謝謝閱讀..KeD1P0g10%14.44%KeD1P0g10%14%nKWii1Ki128%14.44%11.63%3312K8%25%)14%11.33%感謝閱讀33感謝閱讀感謝閱讀感謝閱讀2萬謝謝閱讀感謝閱讀謝謝閱讀感謝閱讀感謝閱讀感謝閱讀）2精品文檔放心下載留存收益資本成本2255%13%70141407014

∴項目加權(quán)資本成本10%125%11%13%

140140140精品文檔放心下載感謝閱讀精品文檔放心下載精品文檔放心下載A精品文檔放心下載B精品文檔放心下載感謝閱讀感謝閱讀感謝閱讀感謝閱讀解..A26.72)6.72)A22.15Q(pv)B精品文檔放心下載20000025%6.72)謝謝閱讀20000025%謝謝閱讀A6.72)6.72)40%10%1.31B40%10%1.35感謝閱讀謝謝閱讀A2.77B2.151.352.90ABA感謝閱讀謝謝閱讀感謝閱讀精品文檔放心下載謝謝閱讀感謝閱讀謝謝閱讀4）感謝閱讀8%1.613%8%16%感謝閱讀24040010%125%）股票市場價值937.516%公司市場總價值債券價值股票價值400937.51337.5謝謝閱讀.綜合資本成本.400937.510%125%16%13.46%1337.51337.5（*10%)(*10%感謝閱讀所以EBIT*160感謝閱讀謝謝閱讀精品文檔放心下載增謝謝閱讀精品文檔放心下載100%100%18.9%K1750125018%0.752000337.516%0.75(5%)5000500014.5%50002000101.254.2%3.375%9.108%17%感謝閱讀tCK)0tt1＝感謝閱讀3感謝閱讀元、精品文檔放心下載感謝閱讀為3精品文檔放心下載）年折舊額1550050030元）..第一年稅后利潤200001000040005000125%0元）謝謝閱讀第二年稅后利潤2000020000120005000125%0元）精品文檔放心下載第三年稅后利潤200001500050005000125%0元）謝謝閱讀1(2075020000)02(2225020000)0NCF3(2375020000)500050025%)5元）投資回收期2250091257年）110%2357500.909172500.826491250.75134感謝閱讀精品文檔放心下載AB0123謝謝閱讀））A110%230B110%230感謝閱讀..AB0感謝閱讀11謝謝閱讀211精品文檔放心下載311感謝閱讀的回收期260000017000002.35年）600000

項目B的回收期10年）

1000000精品文檔放心下載：A18%(20%19.61%B20%(25%23.61%）PIA244970020000001.22PIB23990001.202000000感謝閱讀精品文檔放心下載8感謝閱讀8精品文檔放心下載感謝閱讀謝謝閱讀精品文檔放心下載8元元元未來報酬的總現(xiàn)值47000PVIFA16%,82000PVIF16%,812000..2216759.22感謝閱讀第8元第8元未來報酬的總現(xiàn)值36000PVIFA16%,82000PVIF16%,86156979.606謝謝閱讀∵164759.2156979.66精品文檔放心下載精品文檔放心下載0123精品文檔放心下載2位謝謝閱讀謝謝閱讀）E20.500.25(250200)20.25(200200)20.5200)20.25精品文檔放心下載235.36E33000.202500.602000.20250..(300250)20.2