答案和详解如下： 6. the real risk-free rate is 5%, and the expected rate of inflation is 1%, what is the estimated nominal risk-free rate? A) 0.02%. B) 4.00%. C) 6.05%. D) 5.00%. The correct answer was C) The nominal risk free rate = (1 + Real risk-free rate)(1+ Expected Inflation) – 1, (1.05) x (1.01)-1 = 6.05%.
7.ich of the following statements concerning security valuation is FALSE? The: A) real risk-free rate is the nominal risk-free rate times the expected inflation rate. B) required rate of return for the dividend discount model is influenced by inflation. C) dividend discount model assumes that the required rate of return is greater than the growth rate of the company's dividend. D) sustainable growth rate is the firm's return on equity times the retention rate. The correct answer was A) The real risk-free rate equals (1 + nominal risk-free rate)/(1 + expected inflation rate) minus one.
8. the risk-free rate is 5 percent, the market rate is 12 percent, and the beta of a stock is 0.5, what would happen to the required rate of return if the inflation premium increased by 2 percent? It would:
A) increase to 15. B) decrease to 8.5. C) increase to 10.5. D) remain the same. The correct answer was C) k0 = 5 + 0.5(12 – 5) = 8.5; k1 = 7 + 0.5(14 – 7) = 10.5 | 
发表于 2008-4-10 17:40
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