老师 求解答原版书reading 7 第10和第11题 如果当成用每年的cash flow算IRR的话 画cash flow图每年的cash flow应该是多少？

老师。这两个题目不是相互冲突的吗？第一个问题说pref share没有puttable or callable, 第二个说puttable pref share 的risk最低。还是我的理解哪里不对？

14.原题干在原版书课后习题册的151.152页，为什么为28140+124？公式不是为有效利率＝tax expense/EBT吗，2814已经是tax expense了为什么还要加上DTA的124呢，解释，谢谢

14. An investor is considering the purchase of a common stock with a $2.00 annual dividend. The dividend is expected to grow at a rate of 4 percent annually. If the investor’s required rate of return is 7 percent, the intrinsic value of the stock is closest to: A. $50.00. B. $66.67. C. $69.33. 请问老师，在英文表述中如何判断D0和D1，这个很糊涂，有什么规律和技巧没有？麻烦老师讲解一下。谢谢。

联合求解 该怎么解阿

麻烦讲解下这两道题

profit being understated 不是被低估吗?所以 Case 4是对的？

麻烦看下第三题，答案选A，但是和讲义的内容冲突啊？

In the video, the lecturer said that a higher new equity issuance indicated that there would be a better equity market. However, in this question, it is treated as a bearish.

为什么underproduction deadweight loss只有上面一点，而不是包含下面的三角形