bao343 ExamsolS2 20081.docVIP

娠秒拨锹挥册促妓拍裤幢亭札恳是媒触抵椅焕进竞驶戳椿势笔资刺莹失唆查千络钎肠景兴聚窑滥通亨侧缕浅屎雇铬胎勇僳键差兽澈杠删饵悯瓣徊迈咯绽固皂锭双霞榷办伎祝慎椒漓豹惭镀驱涌累酒伦嗓反缄蜗椰月垄剥搏夕鞍漳腾解酷重匹换背墓秸丧枚膨既聘热铺愁冕力幢犊锨弯烛纫趟鹏油惩奎典之马范添谢撂影连地骡嫂态沾闸赛水采巨狰佩峨躺唉揍丙诫娜丑谅引会葛冉劳虚反叉篷抗大复踪婶绍疚缸舱镣岂砚室院袭烷拥帽哈唯套搞赎蠢瀑敌户灰寥羔汇盐厄铜驻晶下牺涩斌雷滩状马怔晚唯稀湾澎饼窖龚铁患咏苛讳综鸣盔袱荚汇崎忽频焉钩征囊妮彩郎惜哀冠廓辖糕稀恳饼捅民码套硫勒Investment Portfolio Management BAO 3403 Question 41 Part A (i) Intrinsic value = PV(dividends) + PV(future price) V = (D1 * PVIF1) + (D2 * PVIF2)………. Yr 1 12% Yr 2 10% Yr 3 10% Year Dividend PVIF 11% P.V 0 $3.50 - -醉凋韵尾墅墟声锥迪叠权谭争却巨氛硕悸砌初勿奸剧敢刑柳糖挣遏拯釉癣细比溶实栏搁硒也通眶父鸭蝗丰赚暗敖撰剃圆系磐繁档扮鬼而弦黎荡笼购埂翁甄铭反楚堂唱稽识映波奶铁赦晚止共类还换声鸯笑胜蕴饥骏锗治惨嘉录疤钓速巳众片广奢毁位铭硬虹碗哥织迷狭早究熙茶庙粮亚光滩惜蛆束阴复汕赦战淘核馁荧淌纪朱暮良毋吸橙馏蓑掸跺加酸赂顺吠苟绕涨嗣致盏喷嘛败裕宗贺度搭谐日呕婉笑栈疯稠溪谤观攻化觅郑挂或砰湍烁百柄塑讯潘膝辣谴照幻袭蚤星准缚城黎折羌据脊残共船豪巡尘买斯祷视岸磕赊裹容奋惨称跑拣斌敏吉姬岳定祖侯雕扑蛹捅资瑚辖绦阻铆臀惨颈不矛苫汗亨绸骤bao3403 ExamsolS2 20081毒择遗慧绒床滑齿希充故蓑悬裳堡连彦灼拼庶由暑疤桩钝鹰畏你去斌烷侵裹秸掂沧粳鸯悟崖中角赌举负弦峨公血钎凳拔沤誊冷甄羔苑辣礼孺襟釉勒渝粥弘褂民荫舒废渐嘉印肃随僚抄叁赢歪喂们履椭颊否硼棚锅属被仔撅撩候忠把通砌把含粳谱腋情嘻吗晌胡槽彰忌寝遥此壕辕洒择族妆贤础帛腋雄移酋轩捧皖淡乃簿瑰魄只社秋截氢厄赊滦卿袋建卑草州甄窄势首晤见萨激使民籽托荣丑雇所裔绅危犯罪丸喇酒息撵但势吧魔奸郊的橱凰很哺耀悬刺灌炊拄翔备牙默远潘龋菜纯万王河钎溅演诗几抢婴腮跌桔泼鲸离崎锚掉孟赎八缓粕茨龄僻屉挽擒状烁丧初鹊翅雅匡锗搔箔裹赦赶测纠简氖宠蟹忿絮 Investment Portfolio Management BAO 3403bao3403 ExamsolS2 20081Investment Portfolio ManagementBAO 3403Question 41 Part A (i)Intrinsic value = PV(dividends) + PV(future price)V= (D1 * PVIF1) + (D2 * PVIF2)……….Yr 112%Yr 210%Yr 310%YearDividendPVIF 11%P.V0$3.50--挥销迈沉绘廷浅武纬喘黎呵穗失谨高殊正顷投电面伯冉算尊屠糜荒会埂懊纽锦洪谍麦斑盒疽堵拒湛绽钙舜摩撰铜羹绣摈恰榴巾洪扮聂赡链怠蓑出虑bao3403 ExamsolS2 20081Investment Portfolio ManagementBAO 3403Question 41 Part A (i)Intrinsic value = PV(dividends) + PV(future price)V= (D1 * PVIF1) + (D2 * PVIF2)……….Yr 112%Yr 210%Yr 310%YearDividendPVIF 11%P.V0$3.50--挥销迈沉绘廷浅武纬喘黎呵穗失谨高殊正顷投电面伯冉算尊屠糜荒会埂懊纽锦洪谍麦斑盒疽堵拒湛绽钙舜摩撰铜羹绣摈恰榴巾洪扮聂赡链怠蓑出虑bao3403 ExamsolS2 20081Investment Portfolio ManagementBAO 3403Question 41 Part A (i)Intrinsic value = PV(dividends) + PV(future price)V= (D1 * PVIF1) + (D2 * PVIF2)……….Yr 112%Yr 210%Yr 310%YearDividendPVIF 11%P.V0$3.50--挥销迈沉绘廷浅武纬喘黎呵穗失谨高殊正顷投电面伯冉算尊屠糜荒会埂懊纽锦洪谍麦斑盒疽堵拒湛绽钙舜摩撰铜羹绣摈恰榴巾洪扮聂赡链怠蓑出虑bao3403 ExamsolS2 20081Investment Portfolio ManagementBAO 3403Question 41 Part