71薪式殺=7%×130%
=4.9%
2司債券式殺=9%×130%/[1.1×13%]
=6.3%/1.067=5.90%
3通沙殺殺
詮模攏
權(quán)式殺=[0.4×1+5%/6]+5%
=7%+5%=12%
時(shí)什模攏
權(quán)式殺=6%+1.2×12%6%
=6%+7.2%=13.2%
誆權(quán)平式殺=12%+13.2%/2=12.6%
4婕叭ㄆ絞繳?
每刪=0.415/20%
=2.1元/桑
芏=2.1×600×120%+300
=1008300=1308元
權(quán)平式殺鹵
目占俜直雀式殺權(quán)平
薪2007.98%4.9%0.391%
債券40015.95%5.90%0.941%
通60023.92%12.6%3.014%
130852.15%12.6%6.571%
霞2508100%10.92%
8.1劬桑15000060000518000元
投剩1500006000090000元
NCF160009000180001331800022690元
2PAIRR590000226903.9665
貌值:IRR8.25%
(3)IRR8%,應(yīng)璞告換璞窱RR小10%,應(yīng)使鎂璞?
91A票每曬4500×20/60000.15元/桑
(2)AB司票詡值
A司票值0.15(1+6%)/(8%-6%)=7.95(元)
B司票值=0.6/8%=7.50(元)
業(yè)應(yīng)A司票
3A票投時(shí)剩20
101末什=70×2.2154元;末俁什=70×1.2=84元;
末=154-8470元末應(yīng)士=844242元
2平什137元平65元平應(yīng)士睿?0元
耄?0×5200元耄?0040500元
什轉(zhuǎn)剩5001373.65危轉(zhuǎn)剩15665=2.4巍
11
目AN60B210120N60
紙劭潿�杀贸杀前平应士妻I�世U筆訪皇�贸�?50055003850165060961.67641.6764.17802201285.83550082.55417.438501567.521320.83224.5822.46601651320.04
霉司應(yīng)選B
濉③?
1.
證券時(shí)準(zhǔn)諧系系值
薹什0.025000
諧0.1750.111
A票0.220.20.651.3
B票0.160.150.60.9
C票0.310.950.21.9
攏
1AB票萁蹋
0.22薹什剩1.3諧媳剩薹什剩
0.16薹什剩0.9諧媳剩薹什剩
薹什剩0.025
諧媳剩0.175
2葒系墓式A票謀準(zhǔn)睢?
攏諧系系×A票準(zhǔn)÷諧系謀準(zhǔn)
1.30.65×準(zhǔn)÷0.1
A票準(zhǔn)睿?.2
3葒系墓式B票系
攏諧系系×B票準(zhǔn)÷諧系謀準(zhǔn)
0.9系×0.15÷0.1
系0.6
4C票摩值
0.310.025+(0.1750.025)
攏1.9
(5)C票謀準(zhǔn)睢?
1.9=0.2×準(zhǔn)÷0.1
準(zhǔn)睿?.95