演示账套

假设某公司下属的一家药品制造企业目前拥有新型治疗胃炎的特效药，该产品有很大发展空间。公司股利预计下一期每股1.5元，第二三四期按照20％增长，之后增长比例下降到6%。预计投资报酬率9%。计算该公司股票价值。

2022-06-15 16:26

齐红老师

职称：注册会计师；财税讲师

2022-06-15 17:13

您好，计算过程如下股票价值=1.5*（P/F，9%，1）+1.5*（1+20%）*（P/F，9%，2）+1.5*（1+20%）*（1+20%）*（P/F，9%，3）+1.5*（1+20%）*（1+20%）*（1+20%）*（P/F，9%，4）+1.5*（1+20%）*（1+20%）*（1+20%）*（1+6%）/（9%-6%）*（P/F，9%，4）

计算该公司股票价值 =1.5*(1+9%)^-1+1.5*(1+20%)^1*(1+9%)^-2+1.5*(1+20%)^2*(1+9%)^-3+1.5*(1+20%)^4*(1+9%)^-4+1.5*(1+20%)^4*(1+6%)/(9%-6%)*(1+9%)^-5=78.19

2022-06-16

计算该公司股票价值=1.5*(1%2B9%)^-1%2B1.5*(1%2B20%)^1*(1%2B9%)^-2%2B1.5*(1%2B20%)^2*(1%2B9%)^-3%2B1.5*(1%2B20%)^4*(1%2B9%)^-4%2B1.5*(1%2B20%)^4*(1%2B6%)/(9%-6%)*(1%2B9%)^-5=78.19

2022-06-15

计算该公司股票价值 =1.5*(1%2B9%)^-1%2B1.5*(1%2B20%)^1*(1%2B9%)^-2%2B1.5*(1%2B20%)^2*(1%2B9%)^-3%2B1.5*(1%2B20%)^4*(1%2B9%)^-4%2B1.5*(1%2B20%)^4*(1%2B6%)/(9%-6%)*(1%2B9%)^-5=78.19

2022-06-15

计算该公司股票价 =1.5*(1%2B9%)^-1%2B1.5*(1%2B20%)^1*(1%2B9%)^-2%2B1.5*(1%2B20%)^2*(1%2B9%)^-3%2B1.5*(1%2B20%)^4*(1%2B9%)^-4%2B1.5*(1%2B20%)^4*(1%2B6%)/(9%-6%)*(1%2B9%)^-5=78.19

2022-06-15