李同学2019-02-20 11:05:50
29.单选题 已收藏 标记 纠错 The effect of a company announcement that they have begun a project with a current cost of $10 million that will generate future cash flows with a present value of $20 million is most likely to: A Only affect value of the firm's common shares if the project was unexpected. B Increase the value of the firm's common shares by $20 million. C Increase value of the firm's common shares by $10 million. 查看解析 上一题 下一题 正确答案A 您的答案C本题平均正确率:23% NPV & IRR难度:容易 推荐: 答案解析 Stock prices reflect investor expectations for future investment and growth. A new positive-NPV project will increase stock price only if it was not previously anticipated by investors. 问:没被预期才能影响到股票的上涨?没明白讲解里的这句话的意思? 请进一步讲解
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Amy2019-02-20 18:14:42
同学你好,A选项的意思是:如果这个项目的NPV=$20 million是在公众预料之中的,那么这个NPV对公众来说没有惊喜和失望,它可能不会影响股价;只有它出乎公众意料时,它才会影响公司股价。B和C不对因为我们无法准确估计项目NPV对股价的影响。
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