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1题:
有以下定义和语句,则sizeof(a) 的值是【 】,而sizeof(a,share)的值是【 】
struct date
{ int day;
int mouth;
int year;
union{int share1;
float share2;
}share;
}a;
第2题:
A.per-serviceprofile
B.per-computenode
C.per-group
D.per-VHBA
第3题:
A.MAX_DL_TBF_SPDCH
B.MAX_UL_TBF_SPDCH
C.MAX_PDCH_PER_TBF
D.N_TBF_PER_SPDCH
第4题:
有以下定义和语句,则sizeof(a.share)的值是( )。
struct date
{ unsigned int day;
unsigned int mouth;
unsigned int year;
union{int share1;
float share2;
}share;
}a;
第5题:
A./share/0/icdmmp/
B./share/1/icdmmp/
C./share/1/icdmmp/flow
D./share/1/icdmmp/route
第6题:
配置NFS共享目录“/home/share”对于所有主机为可读写的,配置如下()。
A.*(rw) /home/share
B./home/share *(rw)
C./home/share *(ro)
D./home/share (rw)*