1)
EPS 0 18.5
Growth 14% EPS
Growth after 9%
Payout 40%
Retention 60%
G= 5.40%
Dividend Y6 15.53
Intrinsic Value € 79.24
3)
T 1 2
Payment 50 50
PV 48.0769231 46.2278107
48.0769231
a) Price today € 1,052.42
Price 6 months € 1,044.52
b) 6-Month rate of return?
* include coupon you get
4.00% + capital gain
5)
a/c) YTM 4%
Coupon € 2,500.00
Principal € 50,000.00
Price now € 51,814.95
b/c) Duration =t x Wt
, Wt t
Wt 1 0.04639291 1
Wt 2 0.04460857 2
Wt 3 0.04289285 3
Wt 4 0.86610567 4
Check 1.0
EPS 0 18.5
Growth 14% EPS
Growth after 9%
Payout 40%
Retention 60%
G= 5.40%
Dividend Y6 15.53
Intrinsic Value € 79.24
3)
T 1 2
Payment 50 50
PV 48.0769231 46.2278107
48.0769231
a) Price today € 1,052.42
Price 6 months € 1,044.52
b) 6-Month rate of return?
* include coupon you get
4.00% + capital gain
5)
a/c) YTM 4%
Coupon € 2,500.00
Principal € 50,000.00
Price now € 51,814.95
b/c) Duration =t x Wt
, Wt t
Wt 1 0.04639291 1
Wt 2 0.04460857 2
Wt 3 0.04289285 3
Wt 4 0.86610567 4
Check 1.0
