liang183 发表于 2016-10-16 23:34:41

《投资学》第七版 英文版 (Zvi Bodie) 课后习题答案 机械工业出版社

CHAPTER2:ASSETCLASSESAND
FINANCIALINSTRUMENTS
1.(d)
2.Theequivalenttaxableyieldis:6.75%/(1−0.34)=10.23%3.(a)Writingacallentailsunlimitedpotentiallossesasthestockpricerises.4.
a.
Youwouldhavetopaytheaskedpriceof:
94:30=94.9375%ofpar=$949.375
b.Thecouponrateis3.625%implyingcouponpaymentsof$36.25annuallyor,moreprecisely,$18.125semiannually.c.
Currentyield=(Annualcouponincome/price)
=$36.25/$949.375=0.0382=3.82%
5.
Preferredstockislikelong-termdebtinthatittypicallypromisesafixedpaymenteachyear.Inthisway,itisaperpetuity.Preferredstockisalsolikelong-termdebtinthatitdoesnotgivetheholdervotingrightsinthefirm.Preferredstockislikeequityinthatthefirmisundernocontractualobligationtomakethepreferredstockdividendpayments.Failuretomakepaymentsdoesnotsetoffcorporatebankruptcy.Withrespecttothepriorityofclaimstotheassetsofthefirmintheeventofcorporatebankruptcy,preferredstockhasahigherprioritythancommonequitybutalowerprioritythanbonds.

**** Hidden Message *****

727738345 发表于 2020-6-2 15:16:04

蟹蟹蟹蟹！！！！！！

佛系小姐 发表于 2020-10-3 17:59:57

嘻嘻嘻嘻嘻嘻嘻嘻嘻嘻嘻嘻嘻嘻嘻

JYUIOP 发表于 2023-10-23 16:01:16

:):):):):):):):):):):)

JYUIOP 发表于 2023-10-23 16:06:49

:P:P:P:P:P:P:P:P:P:P
页: [1]
查看完整版本: 《投资学》第七版 英文版 (Zvi Bodie) 课后习题答案 机械工业出版社