1. , () td >T tk < T.
2. d Pk Dd Dk.
3. wd wk , :
4. : Vd = V*wd, Vk = V*wk, V- .
5. ( ), : nd = Vd/Pd, nk = Vk/Pk;
6. 0 , .
, VT=V(1+r)T.
.
1000000 $, . 4 1,2,3 4 , (N) 100, 200, 300 400$ . r = 10%.
, .
.
1) (): V = 0/(1+r)2 = 1000000/(1,1)2 = 826446,3$.
( 1 ) ( 4 ).
2) :
V1 , .
V4 - , .
w1 = V1 / V, w4 = V4 / V .
3) : D1 = 1, D4 = 4.
( ): DA = D1w1 + D4w4;
: 2 .
:
4) , 1- 4- .
V1 = w1 V = 1/3*826446,3 = 550964,2
V4 = w4 V = 2/3*826446,3 = 275482,1
5) , . :
1 = N1/(1+r) = 100/1,1 = 90,91$
P4 = N4/(1+r)4 = 400/(1,1)4 = 273,2$
N1, N4 .
:
n1 = V1/P1 = 550964,2/90,91 = 6061
n4 = V4/P4 = 275482,1/273,2 = 1008
1- 5% (10%-5%=5%)
.
1- :
Ù
V1 = n1*N1 = 6061*100=606100$,
,
Ù
1′ =N1/(1+r) = 100/1,05 = 95,24$; n1′ = V1/1′ = 606100/95,24=6364 .
T=2 S1 = n1*N1=6364*100=636400$.
:
4′ = N4/(1+r1)4 = 400/1,054 = 362,81$.
S4 = n4*P4′ = 1008*362,81=365714,2.
|
|
S = S1+S4 = 636400+365714,2 = 100211,2, .. .
D = 100211,2-1000000=2114,2$
, 5% : Ù
S = (1+r)2 = 826446,3*1,052 = 911157, .. 88843$.
, , , D . , , .
:
1. ( )?
2. ?
3. ?
4. ?
5. ?
.