spaceship

我的感觉是上午考得还可以，下午脑子直接是晕，下午考得不好，郁闷阿，

大家都觉得下午的难，祝大家好运啊！哈哈哈

shellswoo

what's the after-tax borrowing rate for a company to keep P/E the same after borrowing debt to retire 4million dollar common stock?

Price/earning (P/E) =market value / net income

M1-4m/ net income- 4m*R = M1/ net income

(x-y)/(z-y*a)=x/z

Xz-yz=xz-xya

a=z/x =net income/m1=1/PE=Earning YIELD

Earnings yield
The ratio of earnings per share, after allowing for tax and interest payments on fixed interest debt, to the current share price. The inverse of the price-earnings ratio. It is the total twelve months earnings divided by number of outstandingshares, divided by the recent price, multiplied by 100. The end result is shown in percentage terms. We often look at earnings yield because this avoids the problem of zero earnings in the denominator of the price-earning ratio. (BLOOMBERG)

但大家看看此题有否intuitive的解法呢？

Mayfair

[em07]

winnie

thx

huangyunqi

我是在巴黎考的，还见到不少中国同胞呢。一起考的法国同学都说早上得很简单，不过我却觉得挺难的，中午吃饭都没有心情了，争取下午补回来。个人觉得下午的难度和上午差不多，大概是受到上午的激励了吧。可是同学都说下午的很难。困惑中。

不过现在结果出来了，我过了，可是我的同学没有过。

打算2008年考2级，不过9月份就要开始上班了，不像以前是学生，有很多时间。现在打印了2007年全套的notes, 开始复习了。还是早点报名好，拿到curriculum，看来考试的题目越来越多要从curriculum中出了。

沃特森

同志们，12月份的要努力过了啊！

aguang903

好多人考了嘛~~~吼吼~我也快了啊

水模样

看完了，谢谢分享！！

有人能够说说哪里有跟考试风格近似的模拟题么？

skydingke

tinamimi5@gmail.com　我有很近似的一级题，要的朋友就发邮件给我

[此贴子已经被作者于2007-11-20 12:47:54编辑过]

longwo

thinknewactnew@gmail.com