公司理财 罗斯 习题集课件.ppt

课堂练习1;课堂练习2;课堂练习3;课堂练习4;课堂练习5;练习1解答;练习2解答;练习3解答;练习4解答;练习5解答;练习5解答;课堂练习6;课堂练习6;课堂练习7;课堂练习7;课堂练习8;否响搜泻窑叹皿雪按坦剐塘拨费售凌晤掠蘑湖雀船舒剂俩想租苦瞪蛙浇枪公司理财 罗斯 习题集课件公司理财 罗斯 习题集课件;课堂练习8;课堂练习9;课堂练习10;练习6解答;练习6解答;练习6解答;练习6解答;练习6解答;练习6解答;练习7解答;练习7解答;练习7解答;练习7解答;练习10解答;课堂练习11;课堂练习12;课堂练习13;课堂练习14;练习11解答;练习12解答;练习12解答;练习12解答;练习12解答;练习12解答;练习12解答;练习13解答;练习13解答;练习13解答;练习14解答;练习14解答;练习14解答;练习14解答;练习14解答;练习14解答;Since the firm pays all of its after-tax earnings out as dividends at the end of each year, equity holders will receive $3,891,600 of cash flow per year in perpetuity. S = Cash Flows Available to Equity Holders / rS = $3,891,600 / 0.184 = $21,150,000 The value of M’s equity is $21,150,000.