A perpetual preferred stock makes its first quarterly dividend payment of $2.00 in five quarters. If the required annual rate of return is 6% compounded quarterly, the stock’s present value is closest to？ PV=A/r=133为什么答案是126？

A client invests €20,000 in a four- year certificate of deposit (CD) that annually pays interest of 3.5%. The annual CD interest payments are automatically reinvested in a separate savings account at a stated annual interest rate of 2% compounded monthly. At maturity, the value of the combined asset is closest to:

A couple plans to pay their child’s college tuition for 4 years starting 18 years from now. The current annual cost of college is C$7,000, and they expect this cost to rise at an annual rate of 5 percent. In their planning, they assume that they can earn 6 percent annually. How much must they put aside each year, starting next year, if they plan to make 17 equal payments? 这道题用年金键如何计算？

Suppose you plan to send your daughter to college in three years. You expect her to earn two- thirds of her tuition payment in scholarship money, so you estimate that your payments will be $10,000 a year for four years. To estimate whether you have set aside enough money, you ignore possible inflation in tuition payments and assume that you can earn 8 percent annually on your investments. How much should you set aside now to cover these payments? 第二步的N是0-3年的PV计算，N等于3还是2？

请问non-traded 5%指的是什么意思？指的是coupon？

第6题，不是说法律和准则同方向时遵守最严格的，有冲突时以法律为准么，这道题一个允许一个不允许，明显是有冲突吧，为什么是选择更严格的

您好，这道题有个补充点想问一下，我能理解这个20%的depreciation下的balance是怎么算的，用50000乘0.8的三次方，但是我想知道如果要算三年的depreciation cost要怎么算？试了很多种算式都不对。。。谢谢！

Discounted cash flow appliacation这一节在视频和讲义中没有。请问是为什么？另外原版书中的Calculating growth rate在视频和讲义中也没有，请问是为什么？

请见下图题。计算第二部0-5年间的PV，N应该是4还是5？

老师～ 我理解字面意思～ 可以麻烦您解释一下为什么一个flowin 一个outflow背后的原理和逻辑吗～ 还有一个是一个有interest一个没有～ 为什么～