公司理财 罗斯 习题集.pptVIP

课堂练习1;课堂练习2;课堂练习3;课堂练习4;课堂练习5;练习1解答;练习2解答;练习3解答;练习4解答;练习5解答;练习5解答;课堂练习6;课堂练习6;课堂练习7;课堂练习7;课堂练习8;课堂练习8;课堂练习9;课堂练习10;练习6解答;练习6解答;练习6解答;练习6解答;练习6解答;练习6解答;练习7解答;练习7解答;练习7解答;练习7解答;练习10解答;课堂练习11;课堂练习12;课堂练习13;课堂练习14;练习11解答;练习12解答;练习12解答;练习12解答;练习12解答;练习12解答;练习12解答;练习13解答;练习13解答;练习13解答;练习14解答;练习14解答;练习14解答;练习14解答;练习14解答;练习14解答;Since the firm pays all of its after-tax earnings out as dividends at the end of each year, equity holders will receive $3,891,600 of cash flow per year in perpetuity. S = Cash Flows Available to Equity Holders / rS = $3,891,600 / 0.184 = $21,150,000 The value of M’