31.单选题 已收藏 标记 纠错 At current moment, an investment has an outlay of 120 and after-tax cash flows of 50 annually for four years, however, a project enhancement increases the outlay by 20 and the annual after-tax cash flows by 10. As a result, what are the effects on the vertical and horizontal intercept? A The vertical intercept of the NPV profile of the enhanced project shifts up and the horizontal intercept shifts left. B The vertical intercept of the NPV profile of the enhanced project shifts up and the horizontal intercept shifts right. C The vertical intercept of the NPV profile of the enhanced project shifts down and the horizontal intercept shifts left. 这道题在算NPV时，那折现率是按照等于0计算吗？为什么按照0进行计算呢?

Kim Corporation is considering an investment of 750 million won with expected after-tax cash inflows of 165 million won per year for six years. The required rate of return is 10 percent. Expressed in years, the project's payback period is closest to: A 4.3 years B 4.5 years C 4.8 years 这道题为什么不考虑折旧呢？

With regard to IRR, which of the following is the most accurate description? A IRR is sensitive to changes in the firm's weighted average cost of capital. B IRR assumes that all cash flows from a project will be reinvested at the computed IRR. C IRR is the preferred method for evaluating mutually exclusive projects. A选项为什么不对呢

03.单选题 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. 这个题不明白

老师这里不是很理解为什么share blocking被认为是损害了股东权益呢？在AGM前的一段时间被禁止股票交易在某种程度上不是可以被认为是公司保障股东持股比例的稳定，方便公司通知到股东过来开会而采取的某些针对性的措施嘛？如果没有这样的约束行为，股东在AGM召开前去变更持股比例，对公司的AGM cost不是一种增加行为么？增加了某种cost不相当于变相损害了整体股东的权益么？

没听懂。。。课上讲的不是共同基金是一级市场交易，etf才有二级市场？nav是什么？怎么交易呢？

所以市场上的投资在交易的时候会有以下几种方式： 1）. 用市场价格Market Price交易；2）用Net Asset Value交易；3）用股票或债券交易。 对吗？请各自解释一下。这一块我非常确定组合里没有明确的讲过这几种方式的区别和应用场景。 另外还有几个问题，为什么open-end fund使用nav交易，open-end fund的什么特质（交易时间、交易市场）决定了他使用nav交易？同理，为什么close-end fund使用market price交易？此外，ETF在一级市场用一揽子股票交易，到了二级市货仓以后机构和散户在买卖股票的时候是不是就是用market price了？

Kim Corporation is considering an investment of 750 million won with expected after-tax cash inflows of 165 million won per year for six years. The required rate of return is 10 percent. Expressed in years, the project's payback period is closest to: A 4.3 years B 4.5 years C 4.8 years 题干中的这个The required rate of return is 10 percent.有用吗？

A company's optimal capital budget most likely occurs at the intersection of the: A net present value and internal rate of return profiles. B marginal cost of capital and investment opportunity schedule. C marginal cost of capital and net present value profiles. 这个题不明白

At current moment, an investment has an outlay of 120 and after-tax cash flows of 50 annually for four years, however, a project enhancement increases the outlay by 20 and the annual after-tax cash flows by 10. As a result, what are the effects on the vertical and horizontal intercept? A The vertical intercept of the NPV profile of the enhanced project shifts up and the horizontal intercept shifts left. B The vertical intercept of the NPV profile of the enhanced project shifts up and the horizontal intercept shifts right. C The vertical intercept of the NPV profile of the enhanced project shifts down and the horizontal intercept shifts left 这个题干中说税后现金流量是50英镑，这句是什么意思呀，不明白呀