THI MN M H NH TI CHNH

THI MN M HNH TI CHNH

Thi gian lm bi: 45 pht. Sinh vin khng c s dng ti liu.

LU

QUY NH CN THC HIN TRC KHI LM BI

1. Anh/Ch phi ghi y cc thng tin sau vo trong bi lm ca mnh:

H, tn

Ngy thng nm sinh

Lp

2. Lu li bi lm vi tn File nh sau: XX_HO_TEN.XLS (XX l s bo danh trong danh sch).

3. Th mc lu bi thi l: MyDocument

V d

MyDocument:\ 05_TRAN_VAN_BINH

MyDocument:\ 12_LE_THI_HOA

4. Ht gi lm bi, Copy bi thi t MyDocument vo X:\

5. Bi thi khng thc hin ng cc quy nh trn xem nh khng hp l.

4

C d liu nh sau v cng ty MNC v th trng: Li sut tn phiu kho bc : 5%/nm. Th trng k vng VN-Index s tng trng 20% trong nm 2009.

Cng ty MNC c beta = 1,38. Li sut vay n di hn ca MNC l 10%, thu sut thu TNDN l 28%

Cu trc vn mc tiu ca MNC l 40% n vay v 60% vn c phn

1. Tnh WACC ca MNC da trn m hnh CAPM (khng thu).

2. Nu cng ty c mt d n A nh sau, theo tiu chun NPV v IRR, cng ty c chp nhn d n A hay khng, v th NPV ca d n A.

n v tnh: 1000 ng.012345

Cau san pham2020202020

Doanh so700,000700,000700,000700,000700,000

Chi ph co nh20,00020,00020,00020,00020,000

Chi ph bien oi525,000525,000525,000525,000525,000

Khau hao18,00018,00018,00018,00018,000

Li nhuan trc thue137,000137,000137,000137,000137,000

Thue54,80054,80054,80054,80054,800

Li nhuan sau thue82,20082,20082,20082,20082,200

Chi ph kt thc d n sau thu-378,000

Dong tien rong -145,000100,200100,200100,200100,200-277,800

Gi : (Doanh s = cu SP * 35.000; CP bin i = 75% doanh s; thu TNDN = 40%; CF = Li nhun sau thu + khu hao).

3. Gi nh lng cu sn phm tun theo tun theo phn phi xc sut ng dng (uniform) v c th nhn c 5 gi tr sau: 18 ;19; 20; 21 v 22. Hy nh gi ri ro d n bng NPV trung bnh, lch chun NPV, xc sut u t c NPV