问题 单项选择题

某投资者欲投资购买某普通股股票,已知该种股票刚刚支付的每股股利为1.2元,以后的股利每年以2%的速度增长,投资者持有3年后以每股15元的价格出售,投资者要求的必要收益率为6%,则该股票的每股市价不超过( )元时,投资者才会购买。(已知:PV6%,1=0.9434,PV6%,2=0.8900,PV6%,3=0.8396,PV6%,4=0.7921)

A.15.93
B.15.86
C.30.6
D.20.8

答案

参考答案:A

解析: 根据题意,该股票预计第一年的股利为每股1.2×(1+2%),第二年的股利为每股1.2×(1+2%)2,第三年的股利为每股1.2×(1+2%)3,所以目前股票的内在价值=1.2×(1+2%)×PV6%,1+1.2×(1+2%)2×PV6%,2+1.2×(1+2%)3×PV6%,3+15×PV6%,3=15.93(元)。

实验题
阅读理解

     It was the final examination for an introductory English course at the local university. The examination

was two hours long, and exam papers were given to the students. The professor was very strict and told

the class that any exam that was not on his desk in exactly two hours would not be accepted and the

student would fail.

     Half an hour into the exam, a student came rushing in and asked the professor for an exam paper.

     "You're not going to have time to finish this," the professor stated coldly as he handed the student a

paper. "Yes, I will," replied the student. He then took a seat and began writing. After two hours, the

professor called for the exam papers, and the students filed up and handed them in. All except the late

student, who continued writing. Not until half an hour later, the last student came up to the professor who was sitting at his desk preparing for his next class. He attempted to put his exam on the pile of exam papers already there.

     "No, you don't, I'm not going to accept that. It's late." The student seemed not to believe what the

professor said and appeared to be angry. 

     "Do you know WHO I am?"

     "No, as a matter of fact I don't," replied the professor.

     "DO YOU KNOW WHO I AM?" the student asked again.

     "No, and I don't care." replied the professor with an air of superiority.

     "Good," replied the student, who quickly lifted the pile of completed exam papers, put his in the

middle, and walked out of the room.

1. The student was late for his exam and ________. 

A. the professor asked him for reason

B. he didn't finish the paper on time

C. the professor refused him to take  

D. he had to wait for the next exam

2. Which of the following is TRUE according to the passage? 

A. The professor was likely to have more than one teaching period.

B. The papers were too difficult for the students to complete on time.

C. The students were not satisfied with the results of their exam.

D. The late student was probably an authority figure at school. 

3. When the late student asked "DO YOU KNOW WHO I AM?", he meant ______.

A. to show that he is both humorous and confident      

B. to make sure whether the professor knows his name

C. to force the professor to allow him to pass the exam          

D. to threaten the professor not to collect his paper

4. What's the best title of the passage?

A. A Special Examination.

B. A Strict Professor.

C. A College Course.

D. A Clever Student.