绶ㄨ集鎺ㄨ枽锛�2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯€婅病(c谩i)鍕�(w霉)鎴愭湰绠＄悊銆嬫ā鎿│椤屽尟绺�

涓€銆佸柈闋�(xi脿ng)閬告搰椤�(鏈鍨嬪叡14灏忛锛屾瘡灏忛1.5鍒嗭紝鍏�21鍒�銆傛瘡灏忛鍙湁涓€鍊�(g猫)姝ｇ⒑绛旀锛岃珛(q菒ng)寰炴瘡灏忛鐨勫倷閬哥瓟妗堜腑閬稿嚭涓€鍊�(g猫)浣犺獚(r猫n)鐐烘渶姝ｇ⒑鐨勭瓟妗�锛岀敤榧犳(bi膩o)榛�(di菐n)鎿婄浉鎳�(y墨ng)鐨勯伕闋�(xi脿ng)銆�)

1銆佺敳鍏徃鎵撶畻璩�(g貌u)璨稟鍏徃鍓涚櫦(f膩)琛岀殑5骞存湡鍏徃鍌靛埜锛屾瘡寮靛偟鍒搁潰鍊肩偤1000鍏�锛岀エ闈㈠埄鐜囩偤8%銆傚亣瀹氳┎鍌靛埜姣忓勾浠樻伅涓€娆�锛屽埌鏈熸寜闈㈠€煎劅閭�锛屾姇璩囪€呰姹傜殑蹇呰鍫�(b脿o)閰巼鐐�10%銆傛牴鎿�(j霉)涓婅堪璩囨枡瑷�(j矛)绠楃暥(d膩ng)姣忓嫉鍌靛埜鍍�(ji脿)鏍兼渶楂樼偤(銆€銆€)鍏冩檪(sh铆)锛岀敳鍏徃鎵嶅彲浠ヨ€冩叜璩�(g貌u)璨�銆�

A.1200

B.924.16

C.856.32

D.1080.69

銆愮瓟妗堛€態

銆愯В鏋愩€戠櫦(f膩)琛岃€匒鍏徃寰炵従(xi脿n)鍦ㄨ嚦鍌靛埜鍒版湡鏃ユ墍鏀粯绲︾敳鍏徃鐨勬闋�(xi脿ng)鍖呮嫭5骞翠腑姣忓勾涓€娆＄殑鍒╂伅鍜屽埌鏈熺殑闈㈠€�锛屽畠鍊戠殑鐝�(xi脿n)鍊煎氨鏄偟鍒稿児(ji脿)鍊�锛屾墍浠ュ偟鍒稿児(ji脿)鍊�=1000×8%×(P/A,10%锛�5)+1000×(P/F锛�10%锛�5)=80×3.7908+1000×0.6209=924.16(鍏�)銆傚嵆鐣�(d膩ng)姣忓嫉鍌靛埜鐨勫児(ji脿)鏍间綆浜�924.16鍏冩檪(sh铆)锛岀敳鍏徃璩�(g貌u)璨稟鍏徃鍌靛埜鎵嶈兘鐛插埄銆�

2銆佸皪(du矛)浜庡钩鎭偟鍒镐笅鍒楄〃杩颁笉姝ｇ⒑鐨勬槸(銆€銆€)銆�

A.鐣�(d膩ng)绁ㄩ潰鍒╃巼鑸囧競鍫�(ch菐ng)鍒╃巼涓嶄竴鑷存檪(sh铆)锛屾湡闄愯秺闀�(zh菐ng)锛屽偟鍒稿児(ji脿)鍊艰秺鍋忛洟鍌靛埜闈㈠€�

B.鐣�(d膩ng)绁ㄩ潰鍒╃巼鑸囧競鍫�(ch菐ng)鍒╃巼涓€鑷存檪(sh铆)锛屾湡闄愮殑闀�(zh菐ng)鐭皪(du矛)鍌靛埜鍍�(ji脿)鍊兼矑(m茅i)鏈夊奖闊�

C.灏�(du矛)浜庢祦閫氬偟鍒革紝鍗充娇绁ㄩ潰鍒╃巼浣庝簬甯傚牬(ch菐ng)鍒╃巼锛屽叾鍌靛埜鍍�(ji脿)鍊间篃鏈夊彲鑳芥渻(hu矛)楂樹簬闈㈠€�

D.鍔犲揩浠樻伅闋荤巼锛屾渻(hu矛)浣垮競鍫�(ch菐ng)鍒╃巼楂樹簬绁ㄩ潰鍒╃巼鐨勫偟鍒稿児(ji脿)鍊兼彁楂�

銆愮瓟妗堛€慏

銆愯В鏋愩€戠暥(d膩ng)甯傚牬(ch菐ng)鍒╃巼楂樹簬绁ㄩ潰鍒╃巼鏅�(sh铆)锛屽姞蹇粯鎭牷鐜囨渻(hu矛)浣垮緱鍌靛埜鐨勫児(ji脿)鍊间笅闄�銆�

3銆佺敳鍏徃浠�970鍏冪殑鍍�(ji脿)鏍艰臣(g貌u)鍏ラ潰鍊肩偤1000鍏�銆佺エ闈㈠埄鐜囩偤10%銆佹瘡鍗婂勾鏀粯涓€娆″埄鎭�銆�5骞村悗鍒版湡鐨勫偟鍒�銆傝┎鍏徃鎸佹湁瑭插偟鍒哥殑骞村埌鏈熸敹鐩婄巼鐐�(銆€銆€)銆�

A.10.48%

B.10.82%

C.11.11%

D.11.52%

銆愮瓟妗堛€態

銆愯В鏋愩€戝亣瑷�(sh猫)鍗婂勾鍒版湡鏀剁泭鐜囩偤rd锛屽墖鏈�970=1000×10%/2×(P/A锛宺d锛�10)+1000×(P/F锛宺d锛�10)

鐣�(d膩ng)rd=5%鏅�(sh铆)锛�1000×10%/2×(P/A锛�5%锛�10)+1000×(P/F锛�5%锛�10)=1000

鐣�(d膩ng)rd=6%鏅�(sh铆)锛�1000×10%/2×(P/A锛�6%锛�10)+1000×(P/F锛�6%锛�10)=926.41

(rd-5%)/(6%-5%)=(970-1000)/(926.41-1000)

瑙ｅ緱锛歳d=5.41%

骞村埌鏈熸敹鐩婄巼=5.41%×2=10.82%銆�

4銆佸湪鍏朵粬鍥犵礌涓嶈畩鐨勬儏娉佷笅锛屼笅鍒楀悇闋�(xi脿ng)涓窡鍌靛埜鍒版湡鏀剁泭鐜囧弽鍚戣畩鍕�(d貌ng)鐨勬槸(銆€銆€)銆�

A.绁ㄩ潰鍒╃巼

B.闈㈠€�

C.绛夐ⅷ(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼

D.鍌靛埜鍍�(ji脿)鏍�

銆愮瓟妗堛€慏

銆愯В鏋愩€戠エ闈㈠埄鐜囧拰闈㈠€艰窡鍒版湡鏀剁泭鍚屽悜璁婂嫊(d貌ng);绛夐ⅷ(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼涓嶅奖闊垮埌鏈熸敹鐩婄巼銆�

5銆佹煇鎶曡硣浜烘簴(zh菙n)鍌欐姇璩嘇鍏徃鐨勮偂绁�锛屽凡鐭ヨ┎鍏徃闋�(y霉)瑷�(j矛)鏈締(l谩i)涓嶅鐧�(f膩)鑲＄エ涓斾繚鎸佺稉(j墨ng)鐕�(y铆ng)鏁堢巼銆佽病(c谩i)鍕�(w霉)鏀跨瓥涓嶈畩锛岀暥(d膩ng)鍓嶅凡缍�(j墨ng)鐧�(f膩)鏀剧殑姣忚偂鑲″埄鐐�3鍏�锛屾湰骞村埄娼�(r霉n)鐣欏瓨鐐�8钀�(w脿n)鍏冿紝骞存湯鑲℃澅娆�(qu谩n)鐩婄偤108钀�(w脿n)鍏�锛屾姇璩囧繀瑕佸牨(b脿o)閰巼鐐�10%锛屽墖瑭茶偂绁ㄧ殑鍍�(ji脿)鍊肩偤(銆€銆€)鍏�銆�

A.115.71

B.124.29

C.150

D.162

銆愮瓟妗堛€慏

銆愯В鏋愩€戣偂鍒╁闀�(zh菐ng)鐜�=鍙寔绾�(x霉)澧為暦(zh菐ng)鐜�=鑲℃澅娆�(qu谩n)鐩婂闀�(zh菐ng)鐜�=8/(108-8)=8%鑲＄エ鍍�(ji脿)鍊�=3×(1+8%)/(10%-8%)=162(鍏�)銆�

6銆佹煇鑲＄エ鐐哄浐瀹氬闀�(zh菐ng)鑲＄エ锛屽勾澧為暦(zh菐ng)鐜囩偤4%锛屽墰鍓涙敮浠樼殑姣忚偂鑲″埄鐐�1.5鍏冦€傜洰鍓嶇劇(w煤)棰�(f膿ng)闅�(xi菐n)鍒╃巼鐐�5%锛屽钩鍧囬ⅷ(f膿ng)闅�(xi菐n)鑲＄エ鐨勯ⅷ(f膿ng)闅�(xi菐n)婧㈠児(ji脿)鐜囩偤7.5%锛岃┎鑲＄エ鐨�β绯绘暩(sh霉)鐐�1.2锛屽墖瑭茶偂绁ㄧ殑姣忚偂鍍�(ji脿)鍊肩偤(銆€銆€)鍏�銆�

A.15.0

B.15.6

C.37.5

D.39

銆愮瓟妗堛€態

銆愯В鏋愩€戝繀瑕佸牨(b脿o)閰巼=5%+7.5%×1.2=14%锛岃偂绁ㄧ殑姣忚偂鍍�(ji脿)鍊�=1.5×(1+4%)/(14%-4%)=15.6(鍏�)銆�

7銆佹煇涓婂競鍏徃鍓涘墰鏀粯鐨勬瘡鑲¤偂鍒╃偤1.5鍏�銆傞爯(y霉)瑷�(j矛)瑭插叕鍙告湭渚�(l谩i)3骞寸殑鑲″埄澧為暦(zh菐ng)鐜囧垎鍒ョ偤8%銆�10%銆�12%锛岀3骞翠互鍚庡皣淇濇寔6%鐨勫闀�(zh菐ng)鐜�銆傚亣瑷�(sh猫)鎶曡硣鑰呰姹傜殑鍫�(b脿o)閰巼鐐�15%銆傛牴鎿�(j霉)涓婅堪璩囨枡瑷�(j矛)绠楃殑瑭茶偂绁ㄧ殑鍍�(ji脿)鍊肩偤(銆€銆€)鍏�銆�

A.51.7

B.44.93

C.19.48

D.55.93

銆愮瓟妗堛€慍

銆愯В鏋愩€戠洰鍓嶆瘡鑲¤偂鍒�1.5鍏�锛岄偅涔堟湭渚�(l谩i)绗�1骞寸殑姣忚偂鑲″埄=1.5×(1+8%)=1.62(鍏�)銆佺2骞寸殑姣忚偂鑲″埄=1.62×(1+10%)=1.78(鍏�)銆佺3骞寸殑姣忚偂鑲″埄=1.78×(1+12%)=1.99(鍏�)锛岀3骞翠互鍚庤偂鍒╁浐瀹氬闀�(zh菐ng)锛屾墍浠ヨ偂绁ㄧ殑鍍�(ji脿)鍊�=D1×(P/F锛�15%锛�1)+D2×(P/F锛�15%锛�2)+D3×(P/F锛�15%锛�3)+D4/(rs-g)×(P/F锛�15%锛�3)=1.62×0.8696+1.78×0.7561+1.99×0.6575+1.99×(1+6%)/(15%-6%)×0.6575=1.41+1.35+1.31+15.41=19.48(鍏�)

8銆佹煇鍏徃鍋囪ō(sh猫)鏈締(l谩i)涓嶆墦绠楀鐧�(f膩)鏂拌偂鍜屽洖璩�(g貌u)鑲＄エ锛屼笖鏈締(l谩i)淇濇寔缍�(j墨ng)鐕�(y铆ng)鏁堢巼鍜岃病(c谩i)鍕�(w霉)鏀跨瓥涓嶈畩锛屽彲鎸佺簩(x霉)澧為暦(zh菐ng)鐜囩偤5%锛岄爯(y霉)瑷�(j矛)绗竴骞村皣鏀粯鐨勬瘡鑲¤偂鍒╃偤0.8鍏�锛岀洰鍓嶆瘡鑲″競鍍�(ji脿)鐐�10鍏冿紝鍓囪┎鑲＄エ鐨勬湡鏈涘牨(b脿o)閰巼鏄�(銆€銆€)銆�

A.8%

B.8.4%

C.13%

D.13.4%

銆愮瓟妗堛€慍

銆愯В鏋愩€戝洜?y脿n)妤ｎ倛鍜庡贡璇虫矙鎺穖(x霉)澧為暦(zh菐ng)鐙€鎱�(t脿i)锛屾墍浠ユ湭渚�(l谩i)鑲″埄澧為暦(zh菐ng)鐜囩瓑浜庡彲鎸佺簩(x霉)澧為暦(zh菐ng)鐜�5%锛岃偂绁ㄦ湡鏈涘牨(b脿o)閰巼=0.8/10+5%=13%銆�

9銆佹寜鏈夌劇(w煤)鐗瑰畾鐨勮病(c谩i)鐢�(ch菐n)鎿�(d膩n)淇濓紝鍙皣鍌靛埜鍒嗙偤(銆€銆€)銆�

A.瑷樺悕鍌靛埜鍜岀劇(w煤)瑷樺悕鍌靛埜

B.鍙綁(zhu菐n)鎻涘偟鍒稿拰涓嶅彲杞�(zhu菐n)鎻涘偟鍒�

C.鎶垫娂鍌靛埜鍜屼俊鐢ㄥ偟鍒�

D.鍒版湡涓€娆″偟鍒稿拰鍒嗘湡鍌靛埜

銆愮瓟妗堛€慍

銆愯В鏋愩€戦伕闋�(xi脿ng)A鏄寜鐓у偟鍒镐笂鏄惁瑷樻湁鎸佸姷浜虹殑濮撳悕鎴栧悕绋遍€�(j矛n)琛屽垎椤炵殑;閬搁爡(xi脿ng)B鏄寜鐓ц兘鍚﹁綁(zhu菐n)鎻涚偤鍏徃鑲＄エ閫�(j矛n)琛屽垎椤炵殑;閬搁爡(xi脿ng)D鏄寜鐓у劅閭勬柟寮忛€�(j矛n)琛屽垎椤炵殑銆�

10銆佸偟鍒哥敳鍜屽偟鍒镐箼鏄叐鍙湪鍚屼竴璩囨湰甯傚牬(ch菐ng)涓婂墰鐧�(f膩)琛岀殑骞虫伅鍌靛埜銆傚畠鍊戠殑闈㈠€�銆佺エ闈㈠埄鐜囧拰浠樻伅闋荤巼鍧囩浉鍚岋紝鍙槸鏈熼檺涓嶅悓锛屽亣瑷�(sh猫)鍏╁彧鍌靛埜鐨勯ⅷ(f膿ng)闅�(xi菐n)鐩稿悓锛屽苟涓旂瓑棰�(f膿ng)闅�(xi菐n)鎶曡硣鐨勫繀瑕佸牨(b脿o)閰巼楂樹簬绁ㄩ潰鍒╃巼锛屽墖(銆€銆€)銆�

A.鏈熼檺闀�(zh菐ng)鐨勫偟鍒稿児(ji脿)鍊奸珮

B.鏈熼檺鐭殑鍌靛埜鍍�(ji脿)鍊奸珮

C.鍏╁彧鍌靛埜鐨勫児(ji脿)鍊肩浉鍚�

D.鍏╁彧鍌靛埜鐨勫児(ji脿)鍊间笉鍚�锛屼絾涓嶈兘鍒ゆ柗鍏堕珮浣�

銆愮瓟妗堛€態

銆愯В鏋愩€戠瓑棰�(f膿ng)闅�(xi菐n)鎶曡硣鐨勫繀瑕佸牨(b脿o)閰巼楂樹簬绁ㄩ潰鍒╃巼锛岃(shu艒)鏄庡叐鑰呭潎鏄姌鍍�(ji脿)鐧�(f膩)琛屽偟鍒�锛屾姌鍍�(ji脿)鐧�(f膩)琛屽偟鍒�锛屾湡闄愯秺闀�(zh菐ng)锛屽偟鍒稿児(ji脿)鍊艰秺浣�锛屾墍浠ラ伕闋�(xi脿ng)B姝ｇ⒑銆�

11銆丼鍏徃婧�(zh菙n)鍌欑櫦(f膩)琛�5骞存湡鍌靛埜锛岄潰鍊肩偤1000鍏�锛岀エ闈㈠埄鐜�10%锛屽埌鏈熶竴娆￠倓鏈粯鎭�銆傜瓑棰�(f膿ng)闅�(xi菐n)鐨勫競鍫�(ch菐ng)鍒╃巼鐐�8%(鍠埄鎶樼従(xi脿n))锛屽墖瑭插偟鍒哥殑鍍�(ji脿)鍊肩偤(銆€銆€)鍏�銆�

A.1071.43

B.1020.9

C.1000

D.930.23

銆愮瓟妗堛€慉

銆愯В鏋愩€戝偟鍒稿児(ji脿)鍊�=1000×(1+10%×5)/(1+8%×5)=1071.43(鍏�)銆�

12銆佷笝鍏徃2013骞�1鏈�1鏃ョ櫦(f膩)琛屽偟鍒�锛岄潰鍊�1000鍏�锛屾湡闄�5骞达紝绁ㄩ潰骞村埄鐜囩偤10%锛屾瘡瀛ｅ害浠樻伅涓€娆★紝浠樻伅鏃ョ偤3鏈堟湯锛�6鏈堟湯锛�9鏈堟湯浠ュ強12鏈堟湯锛岀瓑棰�(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼鐐�12%锛屽墖涓欏叕鍙�2017骞�12鏈�1鏃ョ殑鍌靛埜鍍�(ji脿)鍊肩偤(銆€銆€)鍏�銆�

A.995.15

B.1014.85

C.1014.95

D.1015.37

銆愮瓟妗堛€慍

銆愯В鏋愩€戣┎鍌靛埜鍦�2017骞�12鏈�1鏃ユ檪(sh铆)榛�(di菐n)璺濋洟鍒版湡閭勬湁1鍊�(g猫)鏈�锛屼篃灏辨槸1/3鍊�(g猫)瑷�(j矛)鎭湡锛屾墍浠ラ鍏堣▓(j矛)绠楀埌鏈熸棩鍌靛埜鍍�(ji脿)鍊硷紝鐒跺悗鎶樼畻鍒拌┎鏅�(sh铆)榛�(di菐n)锛屽嵆(1000+1000×10%/4)/(1+12%/4)1/3=1014.95(鍏�)銆�

13銆佸皪(du矛)浜庡垎鏈熶粯鎭偟鍒革紝鐣�(d膩ng)棰�(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼浣庝簬绁ㄩ潰鍒╃巼鏅�(sh铆)锛岄毃钁楀偟鍒稿埌鏈熸棩鐨勫欢闀�(zh菐ng)锛屽湪涓嶈€冩叜浠樻伅鏈熻畩鍖栫殑鎯呮硜涓�锛屽偟鍒稿児(ji脿)鍊煎皣鐩告噳(y墨ng)(銆€銆€)銆�

A.澧炲姞

B.娓涘皯

C.涓嶈畩

D.鐒�(w煤)娉曠⒑瀹�

銆愮瓟妗堛€慉

銆愯В鏋愩€戠暥(d膩ng)棰�(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼浣庝簬绁ㄩ潰鍒╃巼鏅�(sh铆)锛岃┎鍌靛埜鏄孩鍍�(ji脿)鐧�(f膩)琛岀殑锛岄毃钁楀偟鍒稿埌鏈熸棩鐨勫欢闀�(zh菐ng)锛屽偟鍒稿児(ji脿)鍊煎皣鐩告噳(y墨ng)澧炲姞锛屾墍浠ラ伕闋�(xi脿ng)A姝ｇ⒑銆�

14銆佸偟鍒窤鍜屽偟鍒窧鏄叐鍙湪鍚屼竴璩囨湰甯傚牬(ch菐ng)涓婂墰鐧�(f膩)琛岀殑骞虫伅鍌靛埜銆傚畠鍊戠殑闈㈠€煎拰绁ㄩ潰鍒╃巼鑸囧埌鏈熸檪(sh铆)闁撳潎鐩稿悓锛屽彧鏄▓(j矛)鎭湡涓嶅悓銆傚亣瑷�(sh猫)鍏╁彧鍌靛埜鐨勯ⅷ(f膿ng)闅�(xi菐n)鐩稿悓锛屽苟涓旂瓑棰�(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼浣庝簬绁ㄩ潰鍒╃巼锛屽墖(銆€銆€)銆�

A.瑷�(j矛)鎭湡闀�(zh菐ng)鐨勫偟鍒稿児(ji脿)鍊间綆

B.瑷�(j矛)鎭湡闀�(zh菐ng)鐨勫偟鍒稿児(ji脿)鍊奸珮

C.鍏╁彧鍌靛埜鐨勫児(ji脿)鍊肩浉鍚�

D.鍏╁彧鍌靛埜鐨勫児(ji脿)鍊间笉鍚�锛屼絾涓嶈兘鍒ゆ柗鍏堕珮浣�

銆愮瓟妗堛€慉

銆愯В鏋愩€戝偟鍒哥瓑棰�(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼浣庝簬绁ㄩ潰鍒╃巼锛岃(shu艒)鏄庡偟鍒告槸婧㈠児(ji脿)鐧�(f膩)琛岀殑锛岃▓(j矛)鎭湡瓒婇暦(zh菐ng)鍓囪(shu艒)鏄庝粯鎭牷鐜囪秺鎱�銆傚湪鍌靛埜婧㈠児(ji脿)鐧�(f膩)琛岀殑鎯呮硜涓�锛岃▓(j矛)鎭湡瓒婄煭(浠樻伅闋荤巼瓒婂揩)鍌靛埜鍍�(ji脿)鍊艰秺楂�锛岃▓(j矛)鎭湡瓒婇暦(zh菐ng)(浠樻伅闋荤巼瓒婃參)鍌靛埜鍍�(ji脿)鍊艰秺浣庯紝鎵€浠ラ伕闋�(xi脿ng)A姝ｇ⒑銆�

2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯€冭│鑷ㄨ繎锛屼笉瑕佸繕瑷樿€冨墠鎵撳嵃婧�(zh菙n)鑰冭瓑鍝�锛岀偤浜嗛伩鍏嶈€冪敓閷�(cu貌)閬�(gu貌)婧�(zh菙n)鑰冭瓑鎵撳嵃鏅�(sh铆)闁�锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍℃彁渚� 鍏嶈不(f猫i)闋�(y霉)绱勭煭淇℃彁閱�鏈嶅嫏(w霉)锛屾墦鍗板墠鎴戝€戞渻(hu矛)浠ョ煭淇″舰寮忓厤璨�(f猫i)鎻愰啋鎮ㄨ┎鎵撳嵃2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯簴(zh菙n)鑰冭瓑锛岃珛(q菒ng)鍙婃檪(sh铆)闋�(y霉)绱�銆�

浠ヤ笂鍏�(n猫i)瀹规槸2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯€婅病(c谩i)鍕�(w霉)鎴愭湰绠＄悊銆嬫ā鎿│椤屼竴锛屾兂鐛插彇鏇村2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯€婅病(c谩i)鍕�(w霉)鎴愭湰绠＄悊銆嬫ā鎿│椤�銆佹骞寸湡椤岋紝璜�(q菒ng)榛�(di菐n)鎿�“鍏嶈不(f猫i)涓嬭級”鎸夐垥鍚庡嵆鍙牁(l菒ng)??锛�

浜�銆佸闋�(xi脿ng)閬告搰椤�(鏈鍨嬪叡12灏忛锛屾瘡灏忛2鍒�锛屽叡24鍒�銆傛瘡灏忛鍧囨湁澶氬€�(g猫)姝ｇ⒑绛旀锛岃珛(q菒ng)寰炴瘡灏忛鐨勫倷閬哥瓟妗堜腑閬稿嚭浣犺獚(r猫n)鐐烘纰虹殑绛旀锛岀敤榧犳(bi膩o)榛�(di菐n)鎿婄浉鎳�(y墨ng)鐨勯伕闋�(xi脿ng)銆傛瘡灏忛鎵€鏈夌瓟妗堥伕鎿囨纰虹殑寰楀垎锛屼笉绛斻€侀尟(cu貌)绛�銆佹紡绛斿潎涓嶅緱鍒嗐€�)

1銆佷笅鍒楀悇闋�(xi脿ng)涓垏鑲＄エ鍏�(n猫i)鍦ㄥ児(ji脿)鍊煎憟鍚屾柟鍚戣畩鍖栫殑鏈�(銆€銆€)銆�

A.鑲″埄骞村闀�(zh菐ng)鐜�

B.姣忚偂鑲″埄

C.鐒�(w煤)棰�(f膿ng)闅�(xi菐n)鍒╃巼

D.鎶曡硣瑕佹眰鐨勫繀瑕佸牨(b脿o)閰巼

銆愮瓟妗堛€慉B

銆愯В鏋愩€戞牴鎿�(j霉)鑲＄エ鍍�(ji脿)鍊肩殑瑷�(j矛)绠楁ā鍨嬶紝Vs=D1/(rs-g)锛岀敱鍏紡鐪嬪嚭锛岃偂鍒╁闀�(zh菐ng)鐜噂锛屾瘡鑲¤偂鍒〥1锛岃垏鑲＄エ鍍�(ji脿)鍊煎憟鍚屾柟鍚戣畩鍖�锛岃€屾姇璩囪姹傜殑蹇呰鍫�(b脿o)閰巼rs鑸囪偂绁ㄥ児(ji脿)鍊煎憟鍙嶅悜璁婂寲锛岃€岀劇(w煤)棰�(f膿ng)闅�(xi菐n)鍒╃巼鑸囨姇璩囪姹傜殑蹇呰鍫�(b脿o)閰巼鍛堝悓鏂瑰悜璁婂寲锛屽洜姝ょ劇(w煤)棰�(f膿ng)闅�(xi菐n)鍒╃巼鑸囪偂绁ㄥ児(ji脿)鍊煎憟鍙嶆柟鍚戣畩鍖栥€�

2銆佸湪鍏朵粬鍥犵礌涓嶈畩鐨勬儏娉佷笅锛屼笅鍒楀悇闋�(xi脿ng)涓窡鑲＄エ鏈熸湜鍫�(b脿o)閰巼鍚屽悜璁婂嫊(d貌ng)鐨勬湁(銆€銆€)銆�

A.姣忚偂鑲″埄

B.姣忚偂甯傚児(ji脿)

C.鑲″埄澧為暦(zh菐ng)鐜�

D.蹇呰鍫�(b脿o)閰巼

銆愮瓟妗堛€慉C

銆愯В鏋愩€戞湡鏈涘牨(b脿o)閰巼=D1/P0+g锛屾瘡鑲¤偂鍒�銆佽偂鍒╁闀�(zh菐ng)鐜囪垏鑲＄エ鏈熸湜鍫�(b脿o)閰巼鍚屽悜璁婂嫊(d貌ng)锛屾瘡鑲″競鍍�(ji脿)鑸囪偂绁ㄦ湡鏈涘牨(b脿o)閰巼鍙嶅悜璁婂嫊(d貌ng)锛屽繀瑕佸牨(b脿o)閰巼涓嶅奖闊挎湡鏈涘牨(b脿o)閰巼銆�

3銆丄鍏徃鍘诲勾鏀粯姣忚偂0.25鍏冪従(xi脿n)閲戣偂鍒�锛屽浐瀹氬闀�(zh菐ng)鐜�2%锛岀従(xi脿n)琛屽湅(gu贸)搴�(k霉)鍒稿牨(b脿o)閰巼鐐�4%锛屽競鍫�(ch菐ng)骞冲潎棰�(f膿ng)闅�(xi菐n)姊濅欢涓嬭偂绁ㄧ殑鍫�(b脿o)閰巼鐐�6%锛岃偂绁ㄨ矟濉旂郴鏁�(sh霉)绛変簬1.2锛屽墖(銆€銆€)銆�

A.鑲＄エ鍍�(ji脿)鍊�5.80鍏�

B.鑲＄エ鍍�(ji脿)鍊�4.78鍏�

C.鑲＄エ蹇呰鍫�(b脿o)閰巼鐐�5.3%

D.鑲＄エ蹇呰鍫�(b脿o)閰巼鐐�6.4%

銆愮瓟妗堛€慉D

銆愯В鏋愩€憆s=4%+1.2×(6%-4%)=6.4%锛孭=0.25×(1+2%)/(6.4%-2%)=5.80(鍏�)銆�

4銆佷笅鍒楀悇闋�(xi脿ng)涓紝鍎�(y艒u)鍏堣偂鑲℃澅鍏锋湁琛ㄦ焙娆�(qu谩n)鐨勬湁(銆€銆€)銆�

A.涓€娆℃垨绱▓(j矛)娓涘皯鍏徃娉ㄥ唺(c猫)璩囨湰8%

B.淇敼鍏徃绔犵▼涓垏鍎�(y艒u)鍏堣偂鐩搁棞(gu膩n)鐨勫収(n猫i)瀹�

C.鐧�(f膩)琛屽劒(y艒u)鍏堣偂

D.鍏徃鐧�(f膩)鏀捐偂绁ㄨ偂鍒�

銆愮瓟妗堛€態C

銆愯В鏋愩€�?j墨)?y艒u)鍏堣偂鍏锋湁鐨勮〃姹烘瑠(qu谩n)鏈夛細(1)淇敼鍏徃绔犵▼涓垏鍎�(y艒u)鍏堣偂鐩搁棞(gu膩n)鐨勫収(n猫i)瀹�;(2)涓€娆℃垨绱▓(j矛)娓涘皯鍏徃娉ㄥ唺(c猫)璩囨湰瓒呴亷(gu貌)10%;(3)鍏徃鍚堝苟銆佸垎绔�銆佽В鏁ｆ垨璁婃洿鍏徃褰㈠紡;(4)鐧�(f膩)琛屽劒(y艒u)鍏堣偂;(5)鍏徃绔犵▼瑕�(gu墨)瀹氱殑鍏朵粬鎯呭舰銆�

5銆佺浉灏�(du矛)浜庢櫘閫氳偂锛屽叕鍙告噳(y墨ng)鐣�(d膩ng)鍦ㄥ叕鍙哥珷绋嬩腑鏄庣⒑闂�(gu膩n)浜庡劒(y艒u)鍏堣偂鐨勪簨闋�(xi脿ng)鏈�(銆€銆€)銆�

A.鍏徃鍦ㄦ湁鍙垎閰嶇▍鍚庡埄娼�(r霉n)鐨勬儏娉佷笅鏄惁蹇呴爤鍒嗛厤鍒╂饯(r霉n)

B.鍎�(y艒u)鍏堣偂鍒╂饯(r霉n)鍒嗛厤娑夊強鐨勫叾浠栦簨闋�(xi脿ng)

C.鍎�(y艒u)鍏堣偂鑲℃澅鎸夌収绱勫畾鐨勮偂鎭巼鍒嗛厤鑲℃伅鍚�锛屾槸鍚︽湁娆�(qu谩n)鍚屾櫘閫氳偂鑲℃澅涓€璧峰弮鍔犲墿浣欏埄娼�(r霉n)鍒嗛厤

D.鍎�(y艒u)鍏堣偂鑲℃伅鐜囨槸閲囩敤鍥哄畾鑲℃伅鐜囬倓鏄诞鍕�(d貌ng)鑲℃伅鐜囷紝骞剁浉鎳�(y墨ng)鏄庣⒑鍥哄畾鑲℃伅鐜囨按骞虫垨娴嫊(d貌ng)鑲℃伅鐜囪▓(j矛)绠楁柟娉�

銆愮瓟妗堛€慉BCD

銆愯В鏋愩€戝叕鍙告噳(y墨ng)鐣�(d膩ng)鍦ㄥ叕鍙哥珷绋嬩腑鏄庣⒑浠ヤ笅浜嬮爡(xi脿ng)锛�(1)鍎�(y艒u)鍏堣偂鑲℃伅鐜囨槸閲囩敤鍥哄畾鑲℃伅鐜囬倓鏄诞鍕�(d貌ng)鑲℃伅鐜�锛屽苟鐩告噳(y墨ng)鏄庣⒑鍥哄畾鑲℃伅鐜囨按骞虫垨娴嫊(d貌ng)鑲℃伅鐜囪▓(j矛)绠楁柟娉�銆�(2)鍏徃鍦ㄦ湁鍙垎閰嶇▍鍚庡埄娼�(r霉n)鐨勬儏娉佷笅鏄惁蹇呴爤鍒嗛厤鍒╂饯(r霉n)銆�(3)濡傛灉鍏徃鍥犳湰鏈�(hu矛)瑷�(j矛)骞村害鍙垎閰嶅埄娼�(r霉n)涓嶈冻鑰屾湭鍚戝劒(y艒u)鍏堣偂鑲℃澅瓒抽娲剧櫦(f膩)鑲℃伅锛屽樊椤嶉儴鍒嗘槸鍚︾疮绌嶅埌涓嬩竴鏈�(hu矛)瑷�(j矛)骞村害銆�(4)鍎�(y艒u)鍏堣偂鑲℃澅鎸夌収绱勫畾鐨勮偂鎭巼鍒嗛厤鑲℃伅鍚�锛屾槸鍚︽湁娆�(qu谩n)鍚屾櫘閫氳偂鑲℃澅涓€璧峰弮鍔犲墿浣欏埄娼�(r霉n)鍒嗛厤銆�(5)鍎�(y艒u)鍏堣偂鍒╂饯(r霉n)鍒嗛厤娑夊強鐨勫叾浠栦簨闋�(xi脿ng)銆�

6銆佸亣瑷�(sh猫)鍏朵粬鍥犵礌涓嶈畩锛屼笅鍒楀悇闋�(xi脿ng)涓紝鏈�(hu矛)灏�(d菐o)鑷存姌鍍�(ji脿)鐧�(f膩)琛岀殑骞虫伅鍌靛埜鍍�(ji脿)鍊间笂鍗囩殑鏈�(銆€銆€)銆�

A.鎻愰珮绁ㄩ潰鍒╃巼

B.绺煭浠樻伅鏈熼枔

C.绛夐ⅷ(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼涓婂崌

D.绺煭鍒版湡鏅�(sh铆)闁�

銆愮瓟妗堛€慉D

銆愯В鏋愩€戠府鐭粯鎭湡闁擄紝鏈�(hu矛)鎻愰珮浠樻伅闋荤巼锛屽皫(d菐o)鑷存姌鍍�(ji脿)鐧�(f膩)琛岀殑鍌靛埜鍍�(ji脿)鍊间笅闄�锛屾墍浠ラ伕闋�(xi脿ng)B閷�(cu貌)瑾�;绛夐ⅷ(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼鑸囧偟鍒稿児(ji脿)鍊煎弽鍚戣畩鍕�(d貌ng)锛屾墍浠ラ伕闋�(xi脿ng)C鏈�(hu矛)灏�(d菐o)鑷村偟鍒稿児(ji脿)鍊间笅闄嶃€�

7銆佷笅鍒楁湁闂�(gu膩n)绛夐ⅷ(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼鑸囧偟鍒稿児(ji脿)鍊肩殑瑾�(shu艒)娉曚腑锛岄尟(cu貌)瑾ょ殑鏈�(銆€銆€)銆�

A.鎶樺児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屾彁楂樼瓑棰�(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼锛屽偟鍒稿児(ji脿)鍊间笅闄�

B.婧㈠児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屾彁楂樼瓑棰�(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼锛屽偟鍒稿児(ji脿)鍊间笂鍗�

C.骞冲児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屾彁楂樼瓑棰�(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼锛屽偟鍒稿児(ji脿)鍊间笅闄�

D.鎶樺児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屾彁楂樼瓑棰�(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼锛屽偟鍒稿児(ji脿)鍊间笂鍗�

銆愮瓟妗堛€態D

銆愯В鏋愩€戠瓑棰�(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼鑸囧偟鍒稿児(ji脿)鍊煎弽鍚戣畩鍕�(d貌ng)锛屾墍浠ユ彁楂樼瓑棰�(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼锛屽偟鍒稿児(ji脿)鍊间笅闄�锛屾墍浠ラ伕闋�(xi脿ng)B銆丏閷�(cu貌)瑾�銆�

8銆佷笅鍒楁湁闂�(gu膩n)鍌靛埜浠樻伅闋荤巼鑸囧叾鍍�(ji脿)鍊肩殑瑾�(shu艒)娉曚腑锛屾纰虹殑鏈�(銆€銆€)銆�

A.鎶樺児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽姞蹇粯鎭牷鐜�锛屽児(ji脿)鍊间笅闄�

B.婧㈠児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽姞蹇粯鎭牷鐜�锛屽児(ji脿)鍊间笂鍗�

C.骞冲児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽姞蹇粯鎭牷鐜�锛屽児(ji脿)鍊间笉璁�

D.鎶樺児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽姞蹇粯鎭牷鐜囷紝鍍�(ji脿)鍊间笂鍗�

銆愮瓟妗堛€慉BC

銆愯В鏋愩€戞姌鍍�(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽姞蹇粯鎭牷鐜囷紝鍍�(ji脿)鍊间笅闄�;婧㈠児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽姞蹇粯鎭牷鐜�锛屽児(ji脿)鍊间笂鍗�;骞冲児(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽姞蹇粯鎭牷鐜囷紝鍍�(ji脿)鍊间笉璁�銆�

9銆佸亣瑷�(sh猫)鍏朵粬鍥犵礌涓嶈畩锛屼笅鍒椾簨闋�(xi脿ng)涓紝鏈�(hu矛)灏�(d菐o)鑷存姌鍍�(ji脿)鐧�(f膩)琛岀殑骞虫伅鍌靛埜鍍�(ji脿)鍊间笅闄嶇殑鏈�(銆€銆€)銆�

A.鎻愰珮浠樻伅闋荤巼

B.寤堕暦(zh菐ng)鍒版湡鏅�(sh铆)闁�

C.鎻愰珮绁ㄩ潰鍒╃巼

D.绛夐ⅷ(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼涓婂崌

銆愮瓟妗堛€慉BD

銆愯В鏋愩€戝皪(du矛)浜庢姌鍍�(ji脿)鐧�(f膩)琛岀殑鍌靛埜鍔犲揩浠樻伅闋荤巼鏈�(hu矛)浣垮偟鍒稿児(ji脿)鍊间笅闄�锛屾墍浠ラ伕闋�(xi脿ng)A姝ｇ⒑;灏�(du矛)浜庢姌鍍�(ji脿)鐧�(f膩)琛岀殑鍌靛埜锛屽埌鏈熸檪(sh铆)闁撹秺闀�(zh菐ng)锛岃〃鏄庢湭渚�(l谩i)鐛插緱鐨勪綆浜庡競鍫�(ch菐ng)鍒╃巼鐨勫埄鎭儏娉佽秺澶�锛屽墖鍌靛埜鐨勫児(ji脿)鍊艰秺浣�锛岄伕闋�(xi脿ng)B姝ｇ⒑;鎻愰珮绁ㄩ潰鍒╃巼鏈�(hu矛)浣垮偟鍒稿児(ji脿)鍊兼彁楂�锛岄伕闋�(xi脿ng)C閷�(cu貌)瑾�;绛夐ⅷ(f膿ng)闅�(xi菐n)鍌靛埜鐨勫競鍫�(ch菐ng)鍒╃巼涓婂崌锛屽偟鍒稿児(ji脿)鍊间笅闄�锛岄伕闋�(xi脿ng)D姝ｇ⒑銆�

10銆佸偟鍒哥殑鍍�(ji脿)鍊兼渻(hu矛)闅ㄨ憲甯傚牬(ch菐ng)鍒╃巼鐨勮畩鍖栬€岃畩鍖�锛屼笅鍒楄〃杩颁腑姝ｇ⒑鐨勬湁(銆€銆€)銆�

A.鑻ュ埌鏈熸檪(sh铆)闁撲笉璁�锛岀暥(d膩ng)甯傚牬(ch菐ng)鍒╃巼涓婂崌鏅�(sh铆)锛屽偟鍒稿児(ji脿)鍊间笅闄�

B.鐣�(d膩ng)鍌靛埜绁ㄩ潰鍒╃巼澶т簬甯傚牬(ch菐ng)鍒╃巼鏅�(sh铆)锛屽偟鍒哥櫦(f膩)琛屾檪(sh铆)鐨勫児(ji脿)鏍间綆浜庡偟鍒哥殑闈㈠€�

C.鑻ュ埌鏈熸檪(sh铆)闁撶府鐭�锛屽競鍫�(ch菐ng)鍒╃巼灏�(du矛)鍌靛埜鍍�(ji脿)鍊肩殑褰遍熆绋嬪害鏈�(hu矛)闄嶄綆

D.鑻ュ埌鏈熸檪(sh铆)闁撳欢闀�(zh菐ng)锛屽競鍫�(ch菐ng)鍒╃巼灏�(du矛)鍌靛埜鍍�(ji脿)鍊肩殑褰遍熆绋嬪害鏈�(hu矛)闄嶄綆

銆愮瓟妗堛€慉C

銆愯В鏋愩€戝偟鍒稿児(ji脿)鍊肩殑瑷�(j矛)绠楀叕寮忕偤锛氬偟鍒稿児(ji脿)鍊�=绁ㄩ潰閲戦/(1+甯傚牬(ch菐ng)鍒╃巼)n+(绁ㄩ潰閲戦×绁ㄩ潰鍒╃巼)/(1+甯傚牬(ch菐ng)鍒╃巼)t寰炲叕寮忎腑鍙湅鍑�锛屽競鍫�(ch菐ng)鍒╃巼铏曚簬鍒嗘瘝浣嶇疆锛岀エ闈㈠埄鐜囪檿浜庡垎瀛愪笂锛屾墍浠ョエ闈㈠埄鐜囪垏鍌靛埜鍍�(ji脿)鍊煎悓鍚戣畩鍕�(d貌ng)锛屽競鍫�(ch菐ng)鍒╃巼鑸囧偟鍒稿児(ji脿)鍊兼槸鍙嶅悜璁婂嫊(d貌ng)锛屼絾鎶樼従(xi脿n)鐜囧皪(du矛)鍌靛埜鍍�(ji脿)鍊肩殑褰遍熆闅ㄨ憲鍒版湡鏅�(sh铆)闁撶殑绺煭鏈�(hu矛)璁婂緱瓒婁締(l谩i)瓒婁笉鏁忔劅銆�

11銆佺敳銆佷箼鍏╃ó鍌靛埜锛屽潎鎸�1000鍏冮潰鍊肩櫦(f膩)琛�锛屽埄鎭巼鐩稿悓锛屼絾鏄敳鍌靛埜鐨勬湡闄愭槸4骞存湡锛屼箼鍌靛埜鐨勬湡闄愭槸6骞存湡锛屽湪鍏朵粬姊濅欢鐩稿悓鐨勬儏褰笅锛屼笅鍒楄(shu艒)娉曟纰虹殑鏈�(銆€銆€)銆�

A.甯傚牬(ch菐ng)鍒╃巼涓婂崌锛屽叐绋偟鍒搁兘璨跺€硷紝涔欒捕鍊肩殑鏇村

B.甯傚牬(ch菐ng)鍒╃巼涓婂崌锛屽叐绋偟鍒搁兘鍗囧€�锛岀敳鍗囧€肩殑鏇村

C.甯傚牬(ch菐ng)鍒╃巼涓嬮檷锛屽叐绋偟鍒搁兘璨跺€�锛岀敳璨跺€肩殑鏇村

D.甯傚牬(ch菐ng)鍒╃巼涓嬮檷锛屽叐绋偟鍒搁兘鍗囧€硷紝涔欏崌鍊肩殑鏇村

銆愮瓟妗堛€慉D

銆愯В鏋愩€戝競鍫�(ch菐ng)鍒╃巼鑸囧偟鍒稿児(ji脿)鍊兼槸鍙嶅悜璁婂嫊(d貌ng)闂�(gu膩n)绯�锛岃€屼笖鏈熼檺瓒婇暦(zh菐ng)锛屽偟鍒稿児(ji脿)鍊煎彈甯傚牬(ch菐ng)鍒╃巼娉㈠嫊(d貌ng)鐨勫奖闊胯秺鏁忔劅锛屾墍浠ラ伕闋�(xi脿ng)A銆丏姝ｇ⒑銆�

12銆佸湪鍏朵粬鍥犵礌涓嶈畩鐨勬儏娉佷笅锛屼笅鍒楀悇闋�(xi脿ng)涓窡鍌靛埜鍒版湡鏀剁泭鐜囧悓鍚戣畩鍕�(d貌ng)鐨勬湁(銆€銆€)銆�

A.绁ㄩ潰鍒╃巼

B.闈㈠€�

C.绛夐ⅷ(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼

D.鍒版湡鏈熼檺

銆愮瓟妗堛€慉B

銆愯В鏋愩€戠瓑棰�(f膿ng)闅�(xi菐n)鎶曡硣鐨勫競鍫�(ch菐ng)鍒╃巼涓嶅奖闊垮埌鏈熸敹鐩婄巼;鍒版湡鏈熼檺灏�(du矛)鍒版湡鏀剁泭鐜囩殑褰遍熆鏄笉纰哄畾鐨�锛屽鏋滄槸骞冲児(ji脿)鍌靛埜锛屽埌鏈熸湡闄愪笉褰遍熆鍒版湡鏀剁泭鐜�锛屽鏋滄槸鎶樺児(ji脿)鍌靛埜锛屽埌鏈熸湡闄愯秺闀�(zh菐ng)锛屽埌鏈熸敹鐩婄巼瓒婁綆锛屽鏋滄槸婧㈠児(ji脿)鍌靛埜锛屽埌鏈熸湡闄愯秺闀�(zh菐ng)锛屽埌鏈熸敹鐩婄巼瓒婇珮銆�

2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯€冭│鑷ㄨ繎锛屼笉瑕佸繕瑷樿€冨墠鎵撳嵃婧�(zh菙n)鑰冭瓑鍝︼紝鐐轰簡閬垮厤鑰冪敓閷�(cu貌)閬�(gu貌)婧�(zh菙n)鑰冭瓑鎵撳嵃鏅�(sh铆)闁�锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍℃彁渚� 鍏嶈不(f猫i)闋�(y霉)绱勭煭淇℃彁閱�鏈嶅嫏(w霉)锛屾墦鍗板墠鎴戝€戞渻(hu矛)浠ョ煭淇″舰寮忓厤璨�(f猫i)鎻愰啋鎮ㄨ┎鎵撳嵃2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯簴(zh菙n)鑰冭瓑锛岃珛(q菒ng)鍙婃檪(sh铆)闋�(y霉)绱�銆�

浠ヤ笂鍏�(n猫i)瀹规槸2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯€婅病(c谩i)鍕�(w霉)鎴愭湰绠＄悊銆嬫ā鎿│椤屼竴锛屾兂鐛插彇鏇村2019骞存敞鍐�(c猫)鏈�(hu矛)瑷�(j矛)甯€婅病(c谩i)鍕�(w霉)鎴愭湰绠＄悊銆嬫ā鎿│椤�銆佹骞寸湡椤�锛岃珛(q菒ng)榛�(di菐n)鎿�“鍏嶈不(f猫i)涓嬭級”鎸夐垥鍚庡嵆鍙牁(l菒ng)鍙�锛�

涓�銆佽▓(j矛)绠楀垎鏋愰(娑夊強瑷�(j矛)绠楃殑锛岃姹傚垪鍑鸿▓(j矛)绠楁椹�锛屽惁鍓囦笉寰楀垎锛岄櫎闈為鐩壒鍒ヨ(shu艒)鏄庝笉闇€瑕佸垪鍑鸿▓(j矛)绠楅亷(gu貌)绋�銆�)

1銆佺敳鍏徃鏈変竴绛嗛枒缃硣閲�锛屽彲浠ラ€�(j矛n)琛岀偤鏈熶竴骞寸殑鍌靛埜鎶曡硣锛岃▓(j矛)鍔冧竴骞村悗鍑哄敭璩�(g貌u)鍏ュ偟鍒�锛屽競鍫�(ch菐ng)涓婃湁鍏╃ó鍌靛埜鍙緵閬告搰锛岀浉闂�(gu膩n)璩囨枡濡備笅锛�

(1)鍏╃ó鍌靛埜鐨勯潰鍊煎潎鐐�1000鍏�锛屽埌鏈熸檪(sh铆)闁撳潎鐐�3骞村悗銆�

(2)A绋偟鍒哥殑绁ㄩ潰鍒╃巼鐐�10%锛屾瘡骞存湯浠樻伅涓€娆�锛屽埌鏈熸敮浠�1000鍏冿紝鍒版湡鏀剁泭鐜囩偤8%锛屽苟淇濇寔涓嶈畩銆�

(3)B绋偟鍒哥殑绁ㄩ潰鍒╃巼鐐�9%锛屾瘡骞存湯浠樻伅涓€娆★紝鍒版湡鏀粯1000鍏�锛岀洰鍓嶇殑璩�(g貌u)璨峰児(ji脿)鏍肩偤1026鍏�锛屼竴骞村悗鐨勫嚭鍞児(ji脿)鏍肩偤1010鍏冦€�

(4)鐢插叕鍙稿埄鎭敹鐩婇仼鐢ㄧ殑鎵€寰楃▍绋呯巼鐐�25%锛岃硣鏈埄寰楅仼鐢ㄧ殑鎵€寰楃▍绋呯巼鐐�20%锛岀櫦(f膩)鐢熸姇璩囨悕澶卞彲浠ユ寜鐓�20%鎶电▍锛屼笉鎶垫秷鍒╂伅鏀跺叆銆�

瑕佹眰锛�

(1)瑷�(j矛)绠桝绋偟鍒哥殑鐩墠鐨勫児(ji脿)鏍间互鍙婁竴骞翠互鍚庣殑鍍�(ji脿)鏍�;

(2)瑷�(j矛)绠桞绋偟鍒哥殑鐩墠鐨勫埌鏈熸敹鐩婄巼;

(3)瑷�(j矛)绠楁姇璩囦簬A绋偟鍒哥殑绋呭悗鎶曡硣鏀剁泭鐜�;

(4)瑷�(j矛)绠楁姇璩囦簬B绋偟鍒哥殑绋呭悗鎶曡硣鏀剁泭鐜�銆�

銆愮瓟妗堛€�

(1)A绋偟鍒哥洰鍓嶇殑鍍�(ji脿)鏍�=1000×10%×(P/A锛�8%锛�3)+1000×(P/F锛�8%锛�3)=100×2.5771+1000×0.7938=1051.51(鍏�)

A绋偟鍒镐竴骞翠互鍚庣殑鍍�(ji脿)鏍�=1000×10%×(P/A锛�8%锛�2)+1000×(P/F锛�8%锛�2)=100×1.7833+1000×0.8573=1035.63(鍏�)

(2)瑷�(sh猫)B绋偟鍒哥殑鍒版湡鏀剁泭鐜囩偤rd锛�

1000×9%×(P/A锛宺d锛�3)+1000×(P/F锛宺d锛�3)=1026

浠d=8%锛屽墖1000×9%×(P/A锛�8%锛�3)+1000×(P/F锛�8%锛�3)=90×2.5771+1000×0.7938=1025.74≈1026

鎵€浠鍌靛埜鐨勫埌鏈熸敹鐩婄巼鐐�8%

(3)鎶曡硣浜嶢绋偟鍒哥殑绋呭悗鎶曡硣鏀剁泭鐜�=[1000×10%×(1-25%)+(1035.63-1051.51)×(1-20%)]/1051.51=5.92%

(4)鎶曡硣浜嶣绋偟鍒哥殑绋呭悗鎶曡硣鏀剁泭鐜�=[1000×9%×(1-25%)+(1010-1026)×(1-20%)]/1026=5.33%銆�

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