问题 单项选择题

甲公司为上市企业,今年的每股收益是0.4元,分配股利0.25元/股,该企业净利润和股利的增长率都是5%,β值为0.65。政府长期债券利率为6%,股票的风险附加率为4.5%。则该企业的本期净利市盈率和预期净利市盈率分别是( )。

A.6.25和5.26
B.7.35和7.00
C.11.55和10.63
D.16.72和15.92

答案

参考答案:D

解析:甲企业股利支付率=每股股利÷每股收益=0.25÷0.4=62.5%,甲企业股权资本成本=无风险利率+β×风险附加率=6%+0.65×4.5%=8.925%,甲企业本期市盈率=[股利支付率×(1+增长率)÷(资本成本-增长率)]=62.5%×(1+5%)÷(8.925%-5%)=16.72,甲企业预期市盈率=股利支付率÷(资本成本-增长率)=62.5%÷(8.925%-5%)=15.92。故选项为D。

阅读理解

Now and again I have had horrible dreams, but not enough of them to make me lose my delight in dreams. To begin with. I like the idea of dreaming, of going to bed and lying still and then, by some queer magic, wandering into another kind of existence. As a child, I could never understand why grown-ups took dreaming so calmly when they could make such a fuss about any holiday, this still puzzles me. I am puzzled by people who say they never dream and appear to have no interest in the subject. It is much more astonishing than it would be if they said they never went out for a walk. Most people do not seem to accept dreaming as part of their lives. They appear to see it as an irritating little habit, like sneezing or yawning I can never understand this. My dream life does not seem as important as my waking life because there is far less of it, but to me it is important.

小题1:What is the author’s attitude toward dreaming?

A.He thinks it puzzling

B.He likes it

C.He is interested in it

D.He doesn’t accept it as part of his life小题2: For the author of the passage, dreaming is________.    .

A.another kind of existence

B.an irritating little habit

C.a horrible but wonderful experience

D.a true reflection of reality小题3:The author of the passage suggests that people who say they never go out for a walk are_____.

A.interesting

B.unbelievable

C.mysterious(难以理解的)

D.lazy小题4:Why does the author of the passage complain?

A.Because most people are overexcited about their dreams

B.Because most people are not interested in talking about their dreams

C.Because most people have had dreams most of the time

D.Because most people consider their dreams of too much importance

单项选择题