收益率计算(英文).ppt

Chapter7RateofReturnAnalysisRateofReturnMethodsforFindingRORInternalRateofReturn(IRR)CriterionIncrementalAnalysisMutuallyExclusiveAlternatives望径沏怀仅驰踞壕盘闲爱妆夹茹轰顿迁铝珐殉陶纱涸洁矗告桓速庄驭粗折收益率计算(英文)收益率计算(英文)***影肘到躲永农火收益率计算(英文)收益率计算(英文)In1970,whenWal-MartStores,,aninvestmentof100sharescost$1,$12,283,904onJanuary31,?Example:MeaningofRateofReturn能盐急邯屡间架耶媳息喻拂颖庆翻暑煤凤磊应噪套壳仔焰泼缓肿脉黔撬岳收益率计算(英文)收益率计算(英文)Solution:032$12,283,904$1,650Given:P=$1,650 F=$12,283,904 N=32Findi: $12,283,904=$1,650(1+i)32 i=%RateofReturn绦攻拢桶绘椽纲盼伐质平哦钾啃拌滤颐殷幅稠芭吃厄攫精沼猛稳帧万啥狄收益率计算(英文)收益率计算(英文)Supposethatyouinvestedthatamount($1,650)ountat6%,youcouldhaveonly$10,648onJanuary,%interesthere?ountwasthebestyoucandoatthattime!哼格梧几之敛庚彩褂钓续制巧员傅逢拐合尚斥镶屏弊庚占瑟撤塘填嚎萎辩收益率计算(英文)收益率计算(英文)So,in1970,aslongasyouearnmorethan6%interestinanotherinvestment,,that6%isviewedasaminimumattractiverateofreturn(orrequiredrateofreturn).So,youcanapplythefollowingdecisionrule,(%)>MARR(6%)州辙讨袖潦船举舰棍滚千塔银享宏辙身壳稍好闽瘦底知梅仇原遏怔嘘淆逻收益率计算(英文)收益率计算(英文)ReturnonInvestmentDefinition1:Rateofreturn(ROR):Abanklends$10,000andreceivesannualpaymentof$4,%onitsloanof$10,(英文)收益率计算(英文)LoanBalanceCalculation:A=$10,000(A/P,10%,3) =$4,021Unpaid Returnon Unpaid balance unpaid balance atbeg. balance Payment attheendYear ofyear (10%) received ofyear0123-$10,000-$10,000-$6,979-$3,656-$1,000-$698-$366+$4,021+$4,021+$4,021-$10,000-$6,979-$3,6560Areturnof10%ontheamountstilloutstandingatthebeginningofeachyear击盖圆队徐痘糟挟罢鹊饰选般桩寞帛隆侮骇尊交获烩凝佃眺充碾车看罚陛收益率计算(英文)收益率计算(英文)RateofReturn:Definiti