作者beltax (休息是因为不想走路)
看板Economics
标题Re: [作业]Asset Markets
时间Sat Jan 5 11:41:57 2008
※ 引述《Expsun (无限燃烧)》之铭言:
: 2. A certain wine costs $3 a bottle to produce. It improves in taste if
: stored properly for a period of time. When it is newly bottled, people are
: willing to pay only $2 a bottle to drink it. But the amount that people
: are willing to pay to drink a bottle of this wine will rise by $3 a year
: for the next 50 years. Storage costs, not including interest, are $.50
: per year. If the interest rate is 5% and the wine is kept by rational
: investors, how old will it be when it is drunk and what will be its price
: at that time?
: a. 50 years old and $152
: b. 16 years old and $50
: c. 50 years old and $153
: d. 20 years old and $63
: e. 4 years old and $14
(1)酒在第N年卖出时的售价是2+3N,现值则为(2+3N)*D^N D=1/(1+r)
(2)酒的生产成本是3
(3)酒在第N年卖出,总储藏成本为0.5*D+0.5*D^2+...+0.5*D^N
酒的价值即为 (1)-(2)-(3)
这一题就是解出一个使酒的价值最高的N值
N应该介於16-17之间
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1F:推 Expsun:感谢你 我这一章的题目几乎都不太会~"~ 125.231.7.68 01/06 22:31
2F:→ Expsun:想从课本的一点点东西来思考出解题好难... 125.231.7.68 01/06 22:31