DAp AN HE THI TAl CHINH DOANH NGHI:E:P 2 (D~i hoc H~ chinh quy-A2) MA. DE 040515001 Cau 1(3 di~m): a. + Ty su~t sinh loi cua cac danh muc d~u tu: E(Rp1) = 50%x 18% + 50%x 14% = 16% E(Rp2) = 60%x 18% + 40%x 14% = 16,4% + UQlech chuan cua cac danh muc d~u tu: Ta c6: VPi = (0,5)2 X (14)2+(0,5)2 X (10)2+2x (0,5x 0,5x (-0, 6)x 14x 10) = 32 (JP) = 5,66% VP2 = (0,6)2 X (14)2+ (0,4)2 X (10)2+ 2x (0,6x 0,4x (-0,6)x 14x 10) = 46,24 (JP2 = 6,8% b. Danh muc 2 rui ro cao han vi dQlech chuan cao han. Cau 2 (3 di~m): a. Khi cong ty c~n nguon tai tro rnoi, chi phi su dung v6n binh quan ella doanh nghiep tang so voi ban d~u vi chi phi sir dung von cua tung nguon von thanh phan tang du ty trong khong thay d6i. b. Xac djnh di~m gay: U ·;< - ht nhA 8.000 16000 iern gay t U at: --= . 0.5 U ·;< - ht hai 4.500 22500 rem gay t u at: --= . 0.2 Tinh cac chi phi c~n bien cua vBn WACC1 = 12%x20% + 14%x30% + 15%x50% = 14,1%. WACC2 = 12%x20% + 14%x30% + 17%x50% = 15,1%. = 13,5%x20% + 14%x30% + 17%x50% = 15,4%. TCDN - TCDN2 -DHCQ - A2 Trang 1I2_MB: 040515001 ------~~-