问一道题：NO.PZ2016012005000029

问题如下：

The dividend policy of Berkshire Gardens Inc. can be represented by a gradual adjustment to a target dividend payout ratio. Last year Berkshire had earnings per share of $3.00 and paid a dividend of $0.60 a share. This year it estimates earnings per share will be $4.00. Find its dividend per share for this year if it has a 25 percent target payout ratio and uses a five-year period to adjust its dividend.

选项：

$0.68.

$0.80.

$0.85.

解释：

A is correct.

Expected dividend = Previous dividend + (Expected earnings ×Target payout ratio – Previous dividend) × Adjustment factor)=$0.60+（$4×0.25-$0.6）×0.2=$0.68

This year it estimates earnings per share will be $4.00.

请问这句话的意思是预计5年后的EPS是4，还是预计This year的EPS是4？

添加评论

1 个答案

王琛_品职助教 · 2020年10月28日

后者，请参考：https://class.pzacademy.com/qa/64465

添加评论

1
回答
1
关注
449
浏览

我要回答关注问题

相关问题

NO.PZ2016012005000029问题如下The vinpoliof Berkshire Garns Increpresentea graaustment to a target vinpayout ratio. Last yeBerkshire hearnings per share of $3.00 anpaia vinof $0.60 a share. This yeit estimates earnings per share will $4.00. Finits vinper share for this yeif it ha 25 percent target payout ratio anuses a five-yeperioto aust its vinA.$0.68.B.$0.80.C.$0.85. A is correct. The estimatevinper share is US$0.68.Previous S = US$0.60 ExpecteEPS = US$4 Target payout ratio = 0.25 Five-yeaustment factor = 1/5 = 0.2 Expectevin= Previous vin+ (Expecteearnings × Target payout ratio − Previous vin × Austment factor = US$0.60 + [(US$4.00 × 0.25 − US$0.60) × 0.2] = US$0.60 + US$0.08 = US$0.68 计算这题的公式和讲义麻烦贴出来？

2024-05-03 09:44 1 · 回答

NO.PZ2016012005000029 问题如下 The vinpoliof Berkshire Garns Increpresentea graaustment to a target vinpayout ratio. Last yeBerkshire hearnings per share of $3.00 anpaia vinof $0.60 a share. This yeit estimates earnings per share will $4.00. Finits vinper share for this yeif it ha 25 percent target payout ratio anuses a five-yeperioto aust its vin A.$0.68. B.$0.80. C.$0.85. A is correct.Expectevin= Previous vin+ (Expecteearnings ×Target payout ratio – Previous vin × Austment factor)=$0.60+（$4×0.25-$0.6）×0.2=$0.68 解题和书里的公式都是算每年均摊的v然后往上加。我第一次看这类型题的时候是这么解的第五年目标eraning (4)=去年earning(3) x (1+g) 五次方，然后算出（1+g)再去乘去年的v=今年v。这样哪里不对呢？

2022-08-21 14:24 1 · 回答

2021-02-28 19:55 1 · 回答

NO.PZ2016012005000029 $0.80. $0.85. A is correct. Expectevin= Previous vin+ (Expecteearnings ×Target payout ratio – Previous vin × Austment factor)=$0.60+（$4×0.25-$0.6）×0.2=$0.68这里说的是next year的:然后这里讲的是第五年的所以，到底expecteearnings 指的是什么呢？(从公式看，我个人会觉得，当成是第五年的，比较妥当，但是题目意思，感觉就是下一年的)

2021-02-27 08:07 1 · 回答

这个题根本不对。我们能做的是根据去年 0.2 和 5年后0.25，通过插值法得到今年0.21 然后再通过今年的eps=4，算出分红等于0.84 不太能理解书上的公式是怎么推导出来的。

2020-12-24 10:03 1 · 回答

问一道题：NO.PZ2016012005000029

1 个答案

1

1

449

相关问题