预计ABC公司明年的税后利润为1 000万元，发行在外普通股500万股。 要求： (1)假设其市盈率为12倍，计算其股票的价值。 (2)预计其盈余的60%将用于发放现金股利，股票获利率应为4%，计算其股票的价值。 (3)假设成长率为6%，必要报酬率为10%，预计盈余的60%用于发放股利，用固定成长股利模式计算其股票价值。
参考答案：
解析：(1)每股盈余＝税后利润÷发行股数 ＝(1 000÷500)元/股＝2元/股 股票价值＝(2×12)元＝24元 (2)股利总额＝税后利润×股利支付率＝1 000万元×60%＝600万元 每股股利＝(600÷500)元/股=1.2元/股 或：每股股利＝2元/股×60%＝1.2元/股 股票价值＝每股股利÷股票获利率＝1.2元÷4%＝30元 (3)股票价值＝预计明年股利÷(必要报酬率-成长率) ＝[2×60%÷(10%-6%)]元=(1.2÷4%)元=30元
| Elle Woods has it all. She’s the president of her sorority, a Hawaiian Tropic girl, Miss June in her campus calendar, and, above all, a natural blonde. She dates the cutest fraternity boy on campus and wants nothing more than to be Mrs. Warner Huntington Ⅲ. But, there’s just one thing stopping Warner from popping the question: Elle is too blonde. Growing up across the street from Aaron Spelling might mean something in LA, but nothing to Warner’s East-Coast blue blood family. So, when Warner packs up for Harvard Law and reunites with an old sweetheart from prep school, Elle rallies all her resources and gets into Harvard, determined to win him back. But law school is a far cry from the comforts of her poolside and the mall. Elle must wage the battle of her life, for her guy, for herself and for ail the blondes who suffer endless indignities every day. "Legally Blonde" is an American comedy which was released in 2001 wordwide. The heroine is played by Reese Witherspoon, who does well in the movie. In my opinion, strictly, "Legally Blonde" is a not-so-bright comedy. Why The combination of a beautiful but silly blonde and the strict but dull law school makes inconsistent musical notation. But I am well disposed to the lovely girl at the same time. There are a lot of reasons. For one thing, the outstanding performance of Reese Witherspoon makes a deep impression on my mind. For another, the magic and special character of the heroine Elle moves me. She is sensitive to fashion and good at making up, but not the silly Billy. Her perfect observation also lights up our eyes. When she went to visit the prisoner, with a CalvinKlein blouse, a suit of Clinique and the last Cosmo, who could doubt her ability to get the trust When she won the case by her experience about her life, nobody could deny that sometimes a handful of common sense was worth a bushel of learning. |
The sentence "a handful of common sense was worth a bushel of learning" underlined in Paragraph 3 means that ______.
A．a little practical good sense gained from experience of life is better than a lot of knowledge learned from books
B．common sense is always more valuable than learning
C．a little common sense is as worthwhile as a lot of knowledge
D．learning is never as useful as common sense