《Fundamentals of Corporate Finance5(ch5)》由会员分享,可在线阅读,更多相关《Fundamentals of Corporate Finance5(ch5)(22页珍藏版)》请在金锄头文库上搜索。
1、2001 5- 1 2001 5- 2 2001 5- 3 of - of to of by a 2001 5- 4 in a in by to P/E by 2001 5- 5 7 7 7 . 64 4 8 1 . 71 9 8 9 . 51 4 1 4 . 18 9 6 . 11 0 6 7 . 71 3 0 8 . 65 7 0 . 52223 0 5 . 21 4 3 . 201000200030004000500060001997 $ ar 2001 5- 6 of to be by s of 2001 5- 7 an a a of E x p ec t R rD i v P 002
2、001 5- 8 he be + E x p R et u rD i 02001 5- 9 of s of H - PD i i i v 1 ( ) ( ). . .( )2001 5- 10 to 3, $ At of at a is of a 12% 2001 5- 11 to 3, $ At of at a is of a 12% 3 001 123 241 123 50 94 481 12001 2 3.( . ).( . ). .( . )$75 .2001 5- 12 f we no to we as a P e r p e t u i t y P D i 0 1 1to 2001 5- 13 A of in at a of in PD i vr 2001 5- 14 is of a to a $at a % a 12% PD i vr 012 0800$3 . .$75 .2001 5- 15 f is 100 in be in $100$3 .001209he is % 2001 5- 16 If a to a be of