09.单选题 收藏 标记 纠错 Which of the following statements is least accurate? A A firm’s free cash flow to equity is significantly affected by the amount of dividends paid by the firm. B A firm’s free cash flow to equity is a measure of the firm’s dividend-paying capacity. C A firm’s free cash flow to equity increases with an increase in the firm’s net borrowing. 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：39% DCF models难度：一般 推荐：      答案解析 Dividends, a discretionary cash flow from financing activities, have no bearing on a firm’s free cash flow to equity, as can be seen from the formula: FCFE = CFO – FCInv + Net borrowing. 问：能否把FCFE 贴现估值的意思简单说说，股利贴现好理解，这个不太明白为什么可以拿来估值?

An analyst gathers the following data to determine the attractiveness of the company’s common stock: 这句话中的 attractiveness怎么翻译?

为什么COGS/average inventory 是次数呢？

04.单选题 收藏 标记 纠错 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. 查看解析 上一题 下一题 正确答案C 您的答案C本题平均正确率：71% DCF models难度：一般 推荐：      答案解析 According to the Gordon growth model V0=2*1.04/(0.07-0.04)= $69.33 问：“common stock with a $2.00 annual dividend”题目中说每年都是2美元的股息，可以D1又要乘一个增长率g，这不是矛盾了吗？ 想知道公司每年都是分红2美元，还是随着公司的发展 即g，把更多的股利每年发给投资者，但是为什么还写annual？

如果有other income 和other expense的话operating profit margin 还是拿EBIT／Net revenue吗？

等额本息、是金额和利息都是一样的吗？这是单利还是复利？该怎么去理解？

04.单选题 收藏 标记 纠错 Which of the following is equivalent to cash dividend? A Stock dividends. B Stock splits. C Share repurchase. 查看解析 上一题 下一题 正确答案C 您的答案C本题平均正确率：58% Equity valuation models难度：一般 推荐：      答案解析 Because shares are repurchased using a company’s own cash, a share repurchase can be considered an alternative to a cash dividend as a way of distributing earning to shareholder. 问：股票回购和现金分红等价，可否进一步解释？

不好意思 没有明白视频里说的 capitalize 算作CFI下降，CFO上升可以理解，怎么看是future还是this period。还有CFO是FCFF式子里的一项，既然CFO上升为什么FCFF stay the same？ 谢谢

这道题目到底选什么？？A or C？？

老师我一直不懂为什么汇率差乘以1000000USD后得出的是BRL的金额？ 为什么不是美元的金额？