财务报表分析 期末考试计算题_财务报表分析期末考试

财务报表分析 期末考试计算题由刀豆文库小编整理，希望给你工作、学习、生活带来方便，猜你可能喜欢“财务报表分析期末考试”。

1.Compute the present value for each of the following bonds(annual interest): a.Priced at the end of its fifth year, a 10-year bond with a face value of $100 and a contract(coupon)rate of 10% per annum(payable at the end of each year)with an effective(required)interest rate of 14% per annum.b.Priced at the beginning of its 10th year, a 14-year bond with a face value of $1,000 and a contract(coupon)rate of 8% per annum(payable at the end of each year)with an effective(required)interest rate of 6% per annum.c.What is the answer to b if bond interest is payable in equal semiannual amounts?（FVIFA14%,10 =19.337, PVIF14%,5=0.519；FVIFA6%,14=21.015；PVIF6%,5=0.747；FVIFA3%,28 =42.931, PVIF3%,10=0.744）

答案：a.(100×10%×19.337+100)×0.519=152.26(元)b.（1000×8%×21.015+1000）×0.747=2002.86（元）c.（1000×4%×42.931+1000）×0.744=2021.63（元）

2.On January1, you are considering the purchase of $1000 of Colin Company’s 8%(interest rate)bonds.The bonds are due in 10 years, with interest payable semiannually on June 30 and effective December 31.Based on your analysis of Colin, you determine that a 6%(required)interest rate is appropriate.Required:

a.Compute the price you will pay for the bonds using the present value model.b.Recompute the price in a if your required rate of return is 10%.（PVIFA3%,20=14.877，PVIF3%,20=0.554；PVIFA5%,20=12.462，PVIF5%,20=0.377）答案：a.10000×4%×14.877+10000×0.554=11490.80（元）

b.10000×4%×12.462+10000×0.377=8754.80（元）