绗?/p>
10
绔?/p>
5
銆佸洜涓烘姇璧勭粍鍚?/p>
F
鐨勎?/p>
=0
锛屾墍浠ュ叾棰勬湡鏀剁泭绛変簬鏃犻闄╁埄鐜?/p>
瀵逛簬鎶曡祫缁勫悎
A
锛岄闄╂孩浠蜂笌尾鐨勬瘮鐜囦负锛?/p>
12-6
锛?/p>
/1.2=5
瀵逛簬鎶曡祫缁勫悎
E
锛岄闄╂孩浠蜂笌尾鐨勬瘮鐜囦负锛?/p>
8-6
锛?/p>
/0.6=3.33
瀵规瘮琛ㄦ槑锛岃繖閲屾湁濂楃幇鏈轰細瀛樺湪銆備緥濡傦紝鎴戜滑鑳藉垱寤轰竴涓姇璧勭粍鍚?/p>
G
锛屽叾鍖呭惈鎶曡祫缁?/p>
鍚?/p>
A
鍜屾姇璧勭粍鍚?/p>
F
锛屽苟涓斾袱鑰呮湁鐩哥瓑鐨勬潈閲嶏紝浣垮畠婊¤冻尾绛変簬
0.6
锛涜繖鏍锋姇璧勭粍鍚?/p>
F
鐨勬湡鏈?/p>
鏀剁泭鍜屛蹭负锛?/p>
E(rG ) = (0.5 脳 12%) + (0.5 脳 6%) = 9%
尾G = (0.5 脳 1.2) + (0.5 脳 0%) = 0.
6
瀵规瘮鎶曡祫缁勫悎
G
鍜屾姇璧勭粍鍚?/p>
E
锛屾姇璧勭粍鍚?/p>
G
璺?/p>
E
鍏锋湁鐩稿悓鐨勎插�硷紝浣嗗叿鏈夋洿楂樼殑鏈熸湜
鏀剁泭銆傚洜姝ら�氳繃涔板叆鎶曡祫缁勫悎
G
锛屽苟鍗栧嚭鐩稿悓鏁伴噺鎶曡祫缁勫悎
E
璧勪骇灏卞彲浠ュ疄鐜板鐜版満浼氥�?/p>
杩欑濂楃幇鍒╂鼎锛?/p>
rG
鈥?/p>
rE =[9% + (0.6 脳 F)]
飥?/p>
[8% + (0.6 脳 F)] = 1%
6
銆佽鏃犻闄╁埄鐜囦负
rf
锛岄闄╂孩浠峰洜绱?/p>
RP
锛屽垯锛?/p>
12% = rf + (1.2 脳 RP)