中南大学版《财务管理学》习题参考答案

欢迎阅读本文，希望对你有所帮助，本文只作参考，谢谢阅读！lujianhua(SouthareaaheadOfficeDirectorandtowarvictory)].CountyGovernmentoperates3CivilAffairs,finance,educationandFinanceCommittee,withespionage,sabotage,standingandpoliticalteam.Soon,thetomboftheWujiangDistrictCommitteeoftheKuomintangrelocatedtothecountrysidevillage.Pre-war,stricttombforseventhdistrict,itsregionalrangeforthisTaoyuantownandtownofNanMaStreet,andTanQiustreetofrottenBrookTangWestofarea,inWujiangSouthborder,andZhejiangProvinceTongxiangCounty,andWuxingCountyadjacent,ancientfortwoprovince(River,andZhejiang)threeHouse(Suzhou,andhuzhou,andjiaxing)sevenCounty(wuxing,andreturnAnn,andTongxiang,andjiaxing,andshowwater,andWujiang,andearthquakeZe)ofmake,islocatedinremote,territorysizeLakeswingdotted,riverportcriss-cross,easyhiddencombat,andnoHighway,trafficinconvenience.Therefore,thishasbecometherefugeofmany,whereWujianggentlemanmostoftherefugeisnotthefalloffourtownships,atthistimeofgrave,therehasbeenamonstrousprosperity,Nanxuntown,eventheneighboringZhejiangProvince,therearealsosomemerchantstoYanTaoDUNCunopenedshop.Cangduringthedepressionasaregionalpoliticalcenterandmilitarybaseinthearea.InMay1938,ChairmanMaoZedongintheguerrillawarinthestrategicissuesof:Northzone,SouthoftheLakeofhongzeLakeareabranchingstreamofallenemy-occupiedareasandalongthecoastalareas,shouldbewellorganizedguerrillaandinrivers,lakesandestuariesandbuildlastingbasenearby,asoneaspectofthedevelopmentofthenationalguerrilla.第二章练习答案1．50=A×%12%)12(15，A=50/3.6048=(3.8)答：该合营企业每年应还13.87万元。2．1000×1%101%)101(6=1000×(7.7156-1)=6715.6(元)答：此人在第五年未能一次取出本利和6715.6元。3．p=5000×%5%)51(110=5000×7.721=38608.5答：这笔款项的现值为38608.5元。4．500×1%101%)101(6=A×1%10%)101(4500×[(7.7156-1)=A×(3.1699+1)]A=805.25答：该公司每年可以取出的住房基金为805.25万元5．50000=A%101%)101(6A=50000/7.7156=6480.38元10000元答：通过计算说明，A设备高出的价格转换为年金时小于可节约的费用，应选A设备。或者：10000×%101%)101(6=10000×4.3553=43553(元)答：说明A设备可节约费用的现估大于A设备高出的价格，应选A设备。6．P1=1000×10%×%8%)81(15+1000×(1+8%)-5=100×3.9927+1000×0.6806=1079.87P2=1000×10%×%6%)61(15+1000×(1+6%)-5=100×4.2124+1000×0.7473=1168.541088.00答：（1）该债券的发行价格为1079.87元（2）该债券市价低于其现值，故该买。7．（1）p=(1000×10%×3+1000)×(1+8%)-3=1300×0.7938=1031元1020（2）102010201130×100%=0.98%答：（1）购买该债券合算；（2）若当天卖出，该债券投资收益率为0.98%。8．该股率的收益率=4%+1.5×(12%-4%)=4%+1.5×8%=16%第一年的股利现值：0.4=0.4第二年的股利现值：0.4×(1+15%)×(1+16%)-1=0.4×1.15×2欢迎阅读本文，希望对你有所帮助，本文只作参考，谢谢阅读！lujianhua(SouthareaaheadOfficeDirectorandtowarvictory)].CountyGovernmentoperates3CivilAffairs,finance,educationandFinanceCommittee,withespionage,sabotage,standingandpoliticalteam.Soon,thetomboftheWujiangDistrictCommitteeoftheKuomintangrelocatedtothecountrysidevillage.Pre-war,stricttombforseventhdistrict,itsregionalrangeforthisTaoyuantownandtownofNanMaStreet,andTanQiustreetofrottenBrookTangWestofarea,inWujiangSouthborder,andZhejiangProvinceTongxiangCounty,andWuxingCountyadjacent,ancientfortwoprovince(River,andZhejiang)threeHouse(Suzhou,andhuzhou,andjiaxing)sevenCounty(wuxing,andreturnAnn,andTongxiang,andjiaxing,andshowwater,andWujiang,andearthquakeZe)ofmake,islocatedinremote,territorysizeLakeswingdotted,riverportcriss-cross,easyhiddencombat,andnoHighway,trafficinconvenience.Therefore,thishasbecometherefugeofmany,whereWujianggentlemanmostoftherefugeisnotthefalloffourtownships,atthistimeofgrave,therehasbeenamonstrousprosperity,Nanxuntown,eventheneighboringZhejiangProvince,therearealsosomemerchantstoYanTaoDUNCunopenedshop.Cangduringthedepressionasaregionalpoliticalcenterandmilitarybaseinthearea.InMay1938,ChairmanMaoZedongintheguerrillawarinthestrategicissuesof:Northzone,SouthoftheLakeofhongzeLakeareabranchingstreamofallenemy-occupiedareasandalongthecoastalareas,shouldbewellorganizedguerrillaandinrivers,lakesandestuariesandbuildlastingbasenearby,asoneaspectofthedevelopmentofthenationalguerrilla.20.8621=0.3966第三年的股利现值：0.4×(1+15%)2(1+16%)-2=0.4×1.3225×0.7432=0.3932第三年以后的股利现值：V3=5%84.0%8%164.0P3=7.67432.0/5%)161(52该股票的价值：V=0.3966+0.3932+6.7277=7.51759．（1）每股收益=25001000股票价格：p=2×12=24(元)（2）2.1500%601000%42.1p)(30%42.1元p（3）v=%6%102.11gkD=30(元)第三章计算题参考答案1.2007年优先股东收益：10×10×6%×3=18（万元）普通股东每股股利：（28－18）÷500=0.02（元/股）2008年优先股东收益：10×10×6%=6（万元）普通股东每股股利：（30－6）÷500=0.048（元/股）2.认股权证初始价值1000×（4.5%－2.8%）×（P/A，4.5%，3）÷5≈9.35（元/张）认股权证理论价值V=（P－E）×N=（14－10）×2=8（元/张）投资者应该行权，但投资者的收益比投资于普通债券的收益要低。3.认股权行使前的每股收益为：1200÷3000=0.4（元/股）股东权益报酬率为：认股权行使后的总股数：3000+1000×2=5000（万股）股东权益总额：15000+2000×4=23000（万元）税后利润：23000×8%=1840（万元）每股收益：1840÷5000=0.368（元/股）%8%1001500012003欢迎阅读本文，希望对你有所帮助，本文只作参考，谢谢阅读！lujianhua(SouthareaaheadOfficeDirectorandtowarvictory)].CountyGovernmentoperates3CivilAffairs,finance,educationandFinanceCommittee,withespionage,sabotage,standingandpoliticalteam.Soon,thetomboftheWujiangDistrictCommitteeoftheKuomintangrelocatedtothecountrysidevillage.Pre-war,stricttombforseventhdistrict,itsregionalrangeforthisTaoyuantownandtownofNanMaStreet,andTanQiustreetofrottenBrookTangWestofarea,inWujiangSouthborder,andZhejiangProvinceTongxiangCounty,andWuxingCountyadjacent,ancientfortwoprovince(River,andZhejiang)threeHouse(Su