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灏忕法鐐哄ぇ瀹舵悳闆嗙恫(w菐ng)鍙嬪洖鎲剁殑鐪熼鍙婄瓟妗堣В鏋愩€傚悓瀛�(xu茅)鍊戝彲浠�榛�(di菐n)鎿婁笅杓�锛屼笅杓夊師椤岀瓟妗�銆�浠ヤ笅鍏�(n猫i)瀹瑰儏渚涘弮鑰冿細

1銆侀棞(gu膩n)浜庝俊鎵�(濂戠磩)鍨嬭偂娆�(qu谩n)鎶曡硣鍩洪噾锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.闄ゅ熀閲戝悎鍚屽彟鏈夌磩瀹氬锛屾瘡浠藉熀閲戜唤椤嶆噳(y墨ng)鍏锋湁鍚岀瓑娆�(qu谩n)鐩�

B.閫氬父鎯呮硜涓嬪熀閲戜唤椤嶇殑杞�(zhu菐n)璁撳彧娑夊強鍑鸿畵鏂广€佸彈璁撴柟鍙婂熀閲戠鐞嗕汉锛屾寜鐓у熀閲戝悎鍚岀殑绱勫畾杈︾悊杞�(zhu菐n)璁撴墜绾�(x霉)鍗冲彲

C.鐢卞熀閲戠鐞嗕汉鍦ㄥ競鍫�(ch菐ng)鐩�(ji膩n)鐫ｇ鐞嗛儴闁€杈︾悊宸ュ晢鐧昏锛屽熀閲戞瑠(qu谩n)鐩婄櫥瑷樹簨闋�(xi脿ng)鍙敱鍩洪噾绠＄悊浜鸿嚜琛岃睛鐞�锛屼篃鍙互濮旀墭鎸佺墝鐨勫熀閲戞湇鍕�(w霉)姗�(j墨)妲�(g貌u)杈︾悊

D.鍩洪噾鐨勬竻绠楃敱鍩洪噾娓呯畻灏忕祫璨�(f霉)璨�(z茅)锛屾竻绠楀皬绲勭敱鍩洪噾绠＄悊浜�锛屾墭绠′汉鍙婄浉闂�(gu膩n)涓粙鏈嶅嫏(w霉)姗�(j墨)妲�(g貌u)绲勬垚

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瑙ｆ瀽锛氫笉鍚屼簬鍏徃鍨嬪強鍚堜紮鍨嬭偂娆�(qu谩n)鎶曡硣鍩洪噾锛屼俊鎵�(濂戠磩)鍨嬭偂娆�(qu谩n)鎶曡硣鍩洪噾鐒�(w煤)闋堝湪宸ュ晢琛屾斂绠＄悊姗�(j墨)闂�(gu膩n)杈︾悊宸ュ晢鐧昏鎵嬬簩(x霉)?锛涱姰楦歌娋鐮ｄ笣姊㈠瀛曚慨k鐞嗚偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勬瑠(qu谩n)鐩婄櫥瑷�(浠介鐧昏)浜嬮爡(xi脿ng)锛屼篃鍙鎵樺熀閲戞湇鍕�(w霉)姗�(j墨)妲�(g貌u)浠ｇ偤杈︾悊锛屼絾鍩洪噾绠＄悊浜烘噳(y墨ng)鐣�(d膩ng)鎵挎摂(d膩n)鐨勭櫥瑷樿伔璨�(z茅)涓嶅洜濮旀墭鑰屽厤闄ゃ€傛晠C閷�(cu貌)瑾�銆傝硣鏂欏崁(q奴)锛屽壍(chu脿ng)妤�(y猫)鎶曡硣鍩洪噾A浜�2012骞存湯鎶曡硣浜嗗垵鍓�(chu脿ng)鍨嬩紒妤�(y猫)B锛屾姇璩囩附椤�1000钀�(w脿n)鍏�锛岄爯(y霉)瑷�(j矛)5骞村悗閫€鍑�锛岄爯(y霉)瑷�(j矛)閫€鍑烘檪(sh铆)B鍏徃鐨勪及鍊肩偤8鍎勫厓锛岄€€鍑烘檪(sh铆)鐨勭洰妯�(bi膩o)骞村寲鏀剁泭鐜囩偤50%锛屾牴鎿�(j霉)B鍏徃鐨勭殑妤�(y猫)鍕�(w霉)鍙婅硣閲戣(gu墨)鍔�锛岄爯(y霉)瑷�(j矛)鍦ㄦ姇璩�2骞村悗鏈�(hu矛)閫�(j矛n)琛屼竴杓柊鐨勮瀺璩囥€�2014骞存湯锛孊鍏徃鎴愬姛閫�(j矛n)琛屼簡涓€杓柊铻嶈硣锛屾柊鎶曡硣浜烘寔鏈�10%鐨勮偂浠姐€侭鍏徃鐧�(f膩)灞曢爢鍒�锛�2016骞存湯锛孊鍏徃瀵�(sh铆)鐝�(xi脿n)鍑堝埄娼�(r霉n)3000钀�(w脿n)鍏�锛屽彲姣斿叕鍙哥殑甯傜泩鐜囧€嶆暩(sh霉)鐐�30銆�

2銆佸鎸夌収A鍩洪噾鐨勯爯(y霉)娓�(c猫)锛�5骞村悗浠ュ勾鍖�50%鐨勬敹鐩婄巼閫€鍑�锛屽墖閫€鍑烘檪(sh铆)A鍩洪噾鏀跺埌鎶曡硣鍥炴敹娆剧偤()

A.7594钀�(w脿n)鍏�

B.1.05鍎勫厓

C.8684钀�(w脿n)鍏�

D.9481钀�(w脿n)鍏�

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瑙ｆ瀽锛氫紒妤�(y猫)B鐣�(d膩ng)鍓嶈偂娆�(qu谩n)鍍�(ji脿)鍊�=閫€鍑烘檪(sh铆)鐨勮偂娆�(qu谩n)鍍�(ji脿)鍊�/鐩(bi膩o)鍥炲牨(b脿o)鍊嶆暩(sh霉)=閫€鍑烘檪(sh铆)鐨勮偂娆�(qu谩n)鍍�(ji脿)鍊�/(1+鐩(bi膩o)鏀剁泭鐜�)^n=80000/(1+50%)^5=10534钀�(w脿n)鍏傾鍩洪噾鏀跺埌鎶曡硣鍥炴敹娆�=1000/10534*80000=7594钀�(w脿n)鍏�

3銆侀€氬父锛岃偂娆�(qu谩n)鎶曡硣鍩洪噾璺紨鏈熸椿鍕�(d貌ng)涓嶅寘鎷�()

A.婧�(zh菙n)鍌欏熀閲戞娆炬浉

B.鎾板绉佸嫙鍌欏繕閷�

C.鍒嗙櫦(f膩)绉佸嫙鍌欏繕閷�

D.婧�(zh菙n)鍌欏嫙闆嗘帹浠嬭硣鏂�

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瑙ｆ瀽锛氬熀閲戠鐞嗕汉闇€婧�(zh菙n)鍌欏嫙闆嗘帹浠嬭硣鏂欏苟鍒嗙櫦(f膩)绉佸嫙鍌欏繕閷勶紝璺紨鐨勬柟寮忓彲鍖呮嫭鑸夎绶氫笅瀹氬悜璺紨娲诲嫊(d貌ng)绛�銆傚闇€瑕�锛屽熀閲戠鐞嗕汉涔熸渻(hu矛)鍦ㄥ嫙闆嗙睂鍌欏拰璺紨闅庢鍚戦噸瑕佺殑娼涘湪鎶曡硣鑰呮彁渚涘熀閲戞娆炬浉锛岄浼奸爡(xi脿ng)鐩姇璩囨檪(sh铆)鐨勬姇璩囨娆炬竻鍠�锛屼綔鐐轰笅涓€闅庢鍩洪噾鍟嗗嫏(w霉)璜囧垽鐨勫熀绀�(ch菙)銆�

4銆侀棞(gu膩n)浜庨檷鍍�(ji脿)铻嶈硣锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.闄嶅児(ji脿)铻嶈硣鐨勭従(xi脿n)璞′竴鑸櫦(f膩)鐢熷湪鐩(bi膩o)鍏徃缍�(j墨ng)鐕�(y铆ng)***

B.闄嶅児(ji脿)铻嶈硣涔熷彲鑳借浼佹キ(y猫)瀵�(sh铆)闅涙帶鍒朵汉鍒╃敤锛屼綔鐐虹█閲嬫姇璩囨柟**

C.闄嶅児(ji脿)铻嶈硣閫氬父鐧�(f膩)鐢熷湪鍏徃鐨勫悗绾�(x霉)铻嶈硣杓

D.闄嶅児(ji脿)铻嶈硣鎯呭舰涓嬬殑鍚庤吉鎶曡硣鑰呰獚(r猫n)璩�(g貌u)鍍�(ji脿)鏍艰垏鍓嶈吉鎶曡硣鑰呯浉姣斿彲鑳芥洿浣�

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瑙ｆ瀽锛氭墍璎傞檷鍍�(ji脿)铻嶈硣锛屽嵆鐩(bi膩o)鍏徃鍚庣簩(x霉)铻嶈硣鏅�(sh铆)锛屽悗杓姇璩囪€呰獚(r猫n)璩�(g貌u)鍍�(ji脿)鏍肩浉杓冧簬鍓嶈吉鎶曡硣鑰呰獚(r猫n)璩�(g貌u)鍍�(ji脿)鏍兼洿浣庣殑鎯呭舰銆傞檷鍍�(ji脿)铻嶈硣閫氬父鏄敱浜庣洰妯�(bi膩o)鍏徃缍�(j墨ng)鐕�(y铆ng)妤�(y猫)绺�(j墨)璁婂樊锛屼篃鍙兘鍑虹従(xi脿n)浼佹キ(y猫)瀵�(sh铆)闅涙帶鍒朵汉浠ョ█閲嬫姇璩囨柟鑲℃瑠(qu谩n)鐐虹洰鐨勬墍閫�(j矛n)琛岀殑闄嶅児(ji脿)铻嶈硣銆傞檷鍍�(ji脿)铻嶈硣鎰忓懗钁楁姇璩囪€呮鍓嶈臣(g貌u)璨风殑鑲℃瑠(qu谩n)浠樺嚭鐨勫皪(du矛)鍍�(ji脿)鐩稿皪(du矛)渚�(l谩i)瑾�(shu艒)鏇寸偤楂樻槀锛屽緸鑰屽皫(d菐o)鑷存姇璩囪€呴伃鍙楀埌鎼嶅け锛屽洜姝ゆ姇璩囪€呮渻(hu矛)瑕佹眰鍦ㄦ姇璩囧崝(xi茅)璀颁腑鍔犲叆鍙嶆敜钖勬娆�銆傛晠D閷�(cu貌)瑾�

5銆侀棞(gu膩n)浜庤偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勭洝鑱疯(di脿o)鏌�锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.鐩¤伔瑾�(di脿o)鏌ラ渶瑕佺偤闋�(xi脿ng)鐩€€鍑烘柟寮忕殑瑭�(p铆ng)浼版彁渚涙敮鎾�

B.鐩¤伔瑾�(di脿o)鏌ュ公鍔╂姇璩囨柟鍒ゆ柗鐩(bi膩o)鍏徃鏄惁鍊煎緱鎶曡硣锛屽皪(du矛)鎶曡硣鍥炲牨(b脿o)鐨勫奖闊夸笉澶�

C.鐩¤伔瑾�(di脿o)鏌ユ墍鐛插緱鐨勪俊鎭彲杓斿姪鎶曡硣鏂归€�(j矛n)琛屾姇璩囧崝(xi茅)璀拌珖鍒�

D.鐩¤伔瑾�(di脿o)鏌ュ湪浼佹キ(y猫)浼板€间腑鐨勪綔鐢�锛屼富瑕佸湪浜庣嵅寰椾及鍊兼ā鍨嬫墍闇€鐨勭湡瀵�(sh铆)淇℃伅

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瑙ｆ瀽锛氱洝鑱疯(di脿o)鏌ョ殑鍙﹀涓€鍊�(g猫)鐩殑鏄櫦(f膩)鐝�(xi脿n)娼涘湪鐨勬姇璩囬ⅷ(f膿ng)闅�(xi菐n)骞惰⿻(p铆ng)浼板叾灏�(du矛)鎶曡硣闋�(xi脿ng)鐩殑褰遍熆銆傞ⅷ(f膿ng)闅�(xi菐n)鐧�(f膩)鐝�(xi脿n)鍜屾帶鍒�锛屽湪鐩¤伔瑾�(di脿o)鏌ヤ腑鐩哥暥(d膩ng)閲嶈锛岀洿鎺ユ焙瀹氭姇璩囧洖鍫�(b脿o)鐨勮唱(zh矛)閲�銆傛晠B閷�(cu貌)瑾ゃ€�

6銆侀棞(gu膩n)浜庤偂娆�(qu谩n)鎶曡硣鍩洪噾鎵€鎶曡硣闋�(xi脿ng)鐩殑涓婂競杞�(zhu菐n)璁撻€€鍑�锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.寰為€€鍑烘敹鐩婄殑瑙掑害渚�(l谩i)鐪�锛屼笂甯傝綁(zhu菐n)璁撻€€鍑虹殑鏀剁泭涓€鑸姣旀帥鐗岃綁(zhu菐n)璁撻€€鍑虹殑鏀剁泭楂�

B.寰為€€鍑烘垚鏈殑瑙掑害渚�(l谩i)鐪�锛岄鐧�(f膩)涓婂競闇€瑕佹敮浠樼郸鎵块姺鍟嗗強鍏朵粬甯傚牬(ch菐ng)鏈嶅嫏(w霉)姗�(j墨)妲�(g貌u)鐩稿皪(du矛)杓冮珮鐨勮不(f猫i)鐢�

C.寰為€€鍑烘晥鐜囩殑瑙掑害渚�(l谩i)鐪�锛岄娆″叕闁嬬櫦(f膩)琛岃偂绁ㄥ苟涓婂競涓嶅瓨鍦ㄩ檺鍞湡

D.寰為€€鍑洪ⅷ(f膿ng)闅�(xi菐n)鐨勮搴︿締(l谩i)鐪嬶紝棣栫櫦(f膩)涓婂競鍚庡埌灏囨墍鎸佷笂甯備紒妤�(y猫)鐨勮偂绁ㄨ常鍑烘湡闁撶殑鑲＄エ鍍�(ji脿)鏍兼尝鍕�(d貌ng)鏈�(hu矛)褰遍熆鍒拌偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勬敹鐩�

绛旀锛欳

瑙ｆ瀽锛氬緸閫€鍑烘晥鐜囩殑瑙掑害渚�(l谩i)鐪�锛屽鏋滈伕鎿囦笂甯傜殑瑭�锛屽緸鍒稿晢閫�(j矛n)鍫�(ch菐ng)纰哄畾鑲℃敼鍩烘簴(zh菙n)鏃ョ畻璧凤紝瀹屾垚棣栨鍏枊鐧�(f膩)琛岃偂绁ㄥ苟涓婂競(浠ヤ笅绨�(ji菐n)绋遍鐧�(f膩)涓婂競)涓€鑸渶瑕�2骞寸敋鑷虫洿闀�(zh菐ng)鏅�(sh铆)闁�锛屼笂甯傛垚鍔熷悗涓€鑸倓鏈夌浉鐣�(d膩ng)鏈熼檺鐨勯檺鍞湡锛屽(sh铆)鐝�(xi脿n)鏈€绲傞€€鍑鸿€楁檪(sh铆)杓冮暦(zh菐ng)銆傛晠C閷�(cu貌)瑾�銆�

7銆佸亣瑷�(sh猫)灏囨姇璩囦汉鍒嗙偤鍏╃ó锛氫竴绋偤浠PO鐐洪€€鍑烘柟寮忕殑闀�(zh菐ng)鏈熸姇璩囪€�锛屽彟涓€绋偤浠ュ悗绾�(x霉)杓鑲℃瑠(qu谩n)婧㈠児(ji脿)杞�(zhu菐n)璁撶偤閫€鍑烘柟寮忕殑鐭湡鎶曡硣鑰呫€傚皪(du矛)浜庡叐绋姇璩囪€呰€岃█锛岀涓€鎷掔禃娆�(qu谩n)姊濇鍙兘鍦ㄥ摢绋姇璩囪€呴€€鍑烘檪(sh铆)琚浣�?()

A.鐭湡鎶曡硣鑰呭拰闀�(zh菐ng)鏈熸姇璩囪€�

B.闀�(zh菐ng)鏈熸姇璩囪€�

C.鐭湡鎶曡硣鑰�

D.鍏╃ó鎶曡硣鑰呴€€鍑烘檪(sh铆)閮戒笉鏈�(hu矛)琚浣�

绛旀锛欰(绛旀涓嶇⒑瀹�)

瑙ｆ瀽锛氱涓€鎷掔禃娆�(qu谩n)(RightofFirstRefusal)锛屾槸鎸囩洰妯�(bi膩o)鍏徃鐨勫叾浠栬偂鏉辨灏�(du矛)澶栧嚭鍞偂娆�(qu谩n)鏅�(sh铆)锛屼綔鐐鸿€佽偂鏉辩殑鑲℃瑠(qu谩n)鎶曡硣鍩洪噾鍦ㄥ悓绛夋浠朵笅鏈夊劒(y艒u)鍏堣臣(g貌u)璨锋瑠(qu谩n)銆傚劒(y艒u)鍏堣獚(r猫n)璩�(g貌u)娆�(qu谩n)鍜岀涓€鎷掔禃娆�(qu谩n)鏄渶鐐哄父瑕嬬殑鑲℃澅娆�(qu谩n)鍒┿€�

8銆侀棞(gu膩n)浜庤偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勬姇璩囧悗绠＄悊锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.鐐洪伩鍏嶈鎶曡硣浼佹キ(y猫)灏�(du矛)璨�(c谩i)鍕�(w霉)鍫�(b脿o)琛ㄩ€�(j矛n)琛�"瑾�(di脿o)鏁寸矇椋�"锛屾姇璩囨(j墨)妲�(g貌u)鎳�(y墨ng)瑭叉焙瀹氳鎶曡硣浼佹キ(y猫)鐨勫閮ㄥ瑷�(j矛)姗�(j墨)妲�(g貌u)

B.鎶曡硣姗�(j墨)妲�(g貌u)闇€瀹氭湡鏍告煡鍗�(xi茅)璀版娆剧殑鍩�(zh铆)琛屾儏娉�锛屽皪(du矛)鍩�(zh铆)琛屼腑瀛樺湪鐨勯噸澶чⅷ(f膿ng)闅�(xi菐n)鍙婃檪(sh铆)閲囧彇瑁�(b菙)鏁戞帾鏂�

C.鎶曡硣姗�(j墨)妲�(g貌u)鍦ㄥ彲鑳界殑鎯呮硜涓�锛屾噳(y墨ng)鐩存帴鍙冭垏琚姇璩囦紒妤�(y猫)鐨勮懀浜嬫渻(hu矛)

D.鎶曡硣姗�(j墨)妲�(g貌u)鍙互灏�(du矛)琚姇璩囦紒妤�(y猫)鐨勭鐞嗗湗(tu谩n)闅�(du矛)鎻愬嚭鏀瑰杽寤鸿锛屽繀瑕佹檪(sh铆)鍗�(xi茅)鍔╅€�(j矛n)琛岀鐞嗗湗(tu谩n)闅�(du矛)瑾�(di脿o)鏁�

绛旀锛欰

瑙ｆ瀽锛氬嚭浜庡悇绋嫊(d貌ng)姗�(j墨)锛屽湪瀵�(sh铆)闅涚稉(j墨ng)鐕�(y铆ng)涓紝寰堝浼佹キ(y猫)鏈�(hu矛)灏�(du矛)璨�(c谩i)鍕�(w霉)鍫�(b脿o)琛ㄩ€�(j矛n)琛�"瑾�(di脿o)鏁寸矇椋�"锛屾(g貌u)閫犲嚭鑹ソ閬�(y霉n)浣滅殑鏁堟灉锛屽皫(d菐o)鑷存姇璩囨(j墨)妲�(g貌u)鍜屽叾浠栧閮ㄨ偂鏉变笉鑳芥帉鎻′紒妤�(y猫)缍�(j墨ng)鐕�(y铆ng)婧�(zh菙n)纰烘儏娉�銆傛墍浠�锛屾姇璩囨(j墨)妲�(g貌u)鎳�(y墨ng)瑭查棞(gu膩n)娉ㄨ病(c谩i)鍕�(w霉)鍫�(b脿o)琛ㄧ殑鐪熷(sh铆)鎬�锛屽皪(du矛)浜庤病(c谩i)鍕�(w霉)鍫�(b脿o)琛ㄥ嚭鐝�(xi脿n)瑾�(di脿o)鏁寸殑琚姇璩囦紒妤�(y猫)锛岄渶瑕佹眰鍏朵綔鍑鸿┏绱�(x矛)鑸囧悎鐞嗙殑瑙ｉ噵銆傛晠A閷�(cu貌)瑾�銆�

9銆侀棞(gu膩n)浜庤偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勬竻绠楅€€鍑烘祦绋�锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.鐒�(w煤)璜栨槸鍏徃鍨�銆佸悎浼欏瀷銆侀倓鏄俊鎵�(濂戠磩)鍨嬭偂娆�(qu谩n)鎶曡硣鍩洪噾锛岄兘鎳�(y墨ng)瑭插強鏅�(sh铆)鍚戝競鍫�(ch菐ng)鐩�(ji膩n)鐫ｇ鐞嗛儴闁€杈︾悊娉ㄩ姺鎵嬬簩(x霉)

B.鎵€鏈夋姇璩囬爡(xi脿ng)鐩兘瀵�(sh铆)鐝�(xi脿n)鍒版湡閫€鍑虹殑锛屾噳(y墨ng)鐣�(d膩ng)瀹夋帓鍩洪噾娓呯畻

C.鍩洪噾瀛樼簩(x霉)鏈熼檺灞嗘豢涓斿叕鍙告垨鍏ㄩ珨鍚堜紮浜烘焙瀹氫笉鍐嶇稉(j墨ng)鐕�(y铆ng)鐨�锛屾噳(y墨ng)鐣�(d膩ng)瀹夋帓娓呯畻

D.娓呯畻閬庣▼涓殑鍓╀綑璨�(c谩i)鐢�(ch菐n)鎳�(y墨ng)瑭插厛鏀粯绋呰不(f猫i)鐒跺悗鍚戞姇璩囦汉鍒嗛厤

绛旀锛欰

瑙ｆ瀽锛氫笉鍚屼簬鍏徃鍨嬪強鍚堜紮鍨嬭偂娆�(qu谩n)鎶曡硣鍩洪噾锛屼俊鎵�(濂戠磩)鍨嬭偂娆�(qu谩n)鎶曡硣鍩洪噾鐒�(w煤)闋堝湪宸ュ晢琛屾斂瀹樼悊姗�(j墨)闂�(gu膩n)杈︾悊宸ュ晢鐧昏鎵嬬簩(x霉)?锛涱姰楦歌娋鐮ｄ笣姊㈠瀛曚慨k鐞嗚偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勬瑠(qu谩n)鐩婄櫥瑷�(浠介鐧昏)浜嬮爡(xi脿ng)锛屼篃鍙鎵樺熀閲戞湇鍕�(w霉)姗�(j墨)妲�(g貌u)浠ｇ偤杈︾悊锛屼絾鍩洪噾绠＄悊浜烘噳(y墨ng)鐣�(d膩ng)鎵挎摂(d膩n)鐨勭櫥瑷樿伔璨�(z茅)涓嶅洜濮旀墭鑰屽厤闄�銆傛晠A閷�(cu貌)瑾�銆�

10銆佽偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勬姇璩囧悗绠＄悊鐨勬湡闁撹寖鍦嶆槸鎸�()

A.鎶曡硣浜ゅ壊涔嬪悗鑷抽爡(xi脿ng)鐩竻绠椾箣鍓�

B.绨借▊鎶曡硣鍗�(xi茅)璀颁箣鍚庤嚦闋�(xi脿ng)鐩€€鍑轰箣鍓�

C.鎶曡硣浜ゅ壊涔嬪悗鑷抽爡(xi脿ng)鐩€€鍑轰箣鍓�

D.绨借▊鎶曡硣鍗�(xi茅)璀颁箣鍚庤嚦闋�(xi脿ng)鐩竻绠椾箣鍓�

绛旀锛欳

瑙ｆ瀽锛氭姇璩囧悗绠＄悊锛屾槸鎸囪偂娆�(qu谩n)鎶曡硣鍩洪噾(鎴栧叾浠栭鍨嬫姇璩囨(j墨)妲�(g貌u)锛屾湰绔犱腑绲�(t菕ng)绋辩偤鎶曡硣姗�(j墨)妲�(g貌u))鑸囪鎶曡硣浼佹キ(y猫)鎶曡硣浜ゅ壊涔嬪悗锛屽熀閲戠鐞嗕汉绌嶆サ鍙冭垏琚姇璩囦紒妤�(y猫)鐨勭鐞�锛屽皪(du矛)琚姇璩囦紒妤�(y猫)瀵�(sh铆)鏂介爡(xi脿ng)鐩洠(ji膩n)鎺у苟鎻愪緵鍚勯爡(xi脿ng)澧炲€兼湇鍕�(w霉)鐨勪竴绯诲垪娲诲嫊(d貌ng)銆傚湪鎶曡硣浜ゅ壊涔嬪悗鐩村埌闋�(xi脿ng)鐩€€鍑轰箣鍓嶉兘灞簬鎶曡硣鍚庣鐞嗙殑鏈熼枔锛屽湪鏁村€�(g猫)鑲℃瑠(qu谩n)鎶曡硣閬庣▼涓寔绾�(x霉)鏅�(sh铆)闁撴渶闀�(zh菐ng)銆佽姳璨�(f猫i)绮惧姏鏈€澶氥€�

11銆佽偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勯爡(xi脿ng)鐩€€鍑烘槸鏁村€�(g猫)鎶曡硣鐨勯棞(gu膩n)閸电挵(hu谩n)绡€(ji茅)锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.闋�(xi脿ng)鐩€€鍑虹殑鐩殑鏄偂娆�(qu谩n)鎶曡硣鍩洪噾灏囪鎶曚紒妤�(y猫)鐨勭稉(j墨ng)鐕�(y铆ng)鍜岀鐞嗘瑠(qu谩n)浜ら倓鍘熶紒妤�(y猫)鍓�(chu脿ng)濮嬪湗(tu谩n)闅�(du矛)

B.鑲℃瑠(qu谩n)鎶曡硣鐨勬渶绲傜洰妯�(bi膩o)鏄(sh铆)鐝�(xi脿n)闋�(xi脿ng)鐩殑鎴愬姛閫€鍑�

C.闋�(xi脿ng)鐩€€鍑虹殑鐩殑鏄偤浜嗗(sh铆)鐝�(xi脿n)璩囨湰澧炶硣锛屾垨鍙婃檪(sh铆)閬垮厤鍜岄檷浣庢悕澶�

D.鑲℃瑠(qu谩n)鎶曡硣鍩洪噾閬告搰鍦ㄥ悎閬╃殑鏅�(sh铆)姗�(j墨)锛屽皣琚姇璩囦紒妤�(y猫)鐨勮偂娆�(qu谩n)璁婄従(xi脿n)锛岀嵅寰楃従(xi脿n)閲戞敹鐩婏紝瀵�(sh铆)鐝�(xi脿n)闋�(xi脿ng)鐩€€鍑�

绛旀锛欰

瑙ｆ瀽锛氳偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勯爡(xi脿ng)鐩€€鍑�锛屾槸鎸囪偂娆�(qu谩n)鎶曡硣鍩洪噾閬告搰鍚堥仼鐨勬檪(sh铆)姗�(j墨)锛屽皣鍏跺湪琚姇璩囦紒妤�(y猫)鐨勮偂娆�(qu谩n)璁婄従(xi脿n)锛岀敱鑲℃瑠(qu谩n)褰㈡厠(t脿i)杞�(zhu菐n)鍖栫偤鍏锋湁娴佸嫊(d貌ng)鎬х殑鐝�(xi脿n)閲戞敹鐩�锛屼互瀵�(sh铆)鐝�(xi脿n)璩囨湰澧炲€�锛屾垨鍙婃檪(sh铆)閬垮厤鍜岄檷浣庢悕澶便€傝偂娆�(qu谩n)鎶曡硣鍩洪噾鐨勯爡(xi脿ng)鐩€€鍑烘槸鏁村€�(g猫)鎶曡硣鐨勯棞(gu膩n)閸电挵(hu谩n)绡€(ji茅)锛屽皪(du矛)鑲℃瑠(qu谩n)鎶曡硣鍩洪噾鑰岃█锛屽(sh铆)鐝�(xi脿n)闋�(xi脿ng)鐩殑鎴愬姛閫€鍑烘槸鍏堕€�(j矛n)琛岃偂娆�(qu谩n)鎶曡硣鐨勬渶绲傜洰妯�(bi膩o)銆傛晠A閷�(cu貌)瑾�銆�

12銆侀棞(gu膩n)浜庢姌鐝�(xi脿n)鐝�(xi脿n)閲戞祦浼板€兼硶鐨勬姌鐝�(xi脿n)鐜�锛屼互涓嬭〃杩伴尟(cu貌)瑾ょ殑鏄�()

A.鎶樼従(xi脿n)鐜囩殑閬稿彇鍙栨焙浜庝娇鐢ㄧ殑鐝�(xi脿n)閲戞祦锛屼簩鑰呰灏�(du矛)鎳�(y墨ng)

B.浼佹キ(y猫)鑷敱鐝�(xi脿n)閲戞祦灏�(du矛)鎳�(y墨ng)鐨勬姌鐝�(xi脿n)鐜囩偤鍔犳瑠(qu谩n)骞冲潎璩囨湰鎴愭湰

C.绱呭埄灏�(du矛)鎳�(y墨ng)鐨勬姌鐝�(xi脿n)鐜囩偤鍔犳瑠(qu谩n)骞冲潎璩囨湰鎴愭湰

D.鑲℃瑠(qu谩n)鑷敱鐝�(xi脿n)閲戞祦灏�(du矛)鎳�(y墨ng)鐨勬姌鐝�(xi脿n)鐜囩偤鑲℃瑠(qu谩n)璩囨湰鎴愭湰

绛旀锛欳

瑙ｆ瀽锛氭姌鐝�(xi脿n)鐜囩殑閬告搰鍙栨焙浜庝娇鐢ㄧ殑鐝�(xi脿n)閲戞祦锛屼簩鑰呰灏�(du矛)鎳�(y墨ng)銆備緥濡�锛岀磪鍒╁拰鑲℃瑠(qu谩n)鑷敱鐝�(xi脿n)閲戞祦灏�(du矛)鎳�(y墨ng)鐨勬姌鐝�(xi脿n)鐜囩偤鑲℃瑠(qu谩n)璩囨湰鎴愭湰锛岃€屼紒妤�(y猫)鑷敱鐝�(xi脿n)閲戞祦灏�(du矛)鎳�(y墨ng)鐨勬姌鐝�(xi脿n)鐜囩偤鍔犳瑠(qu谩n)骞冲潎璩囨湰鎴愭湰(WACC)銆傛晠C閷�(cu貌)瑾�銆�

13銆侀棞(gu膩n)浜庤偂娆�(qu谩n)鎶曡硣鍩洪噾鎶曡硣鑰呯殑涓昏椤炲瀷锛屼互涓�…….

A.鍦ㄧ編鍦�(gu贸)鍜屾瓙娲插競鍫�(ch菐ng)锛岄(y菐ng)鑰佸熀閲戠殑瑕�(gu墨)妯″緢澶э紝閫氬父鐐�.….

B.姣嶅熀閲戞槸浠ヨ偂娆�(qu谩n)鎶曡硣鍩洪噾鐐轰富瑕佹姇璩囧皪(du矛)璞＄殑鍩洪噾锛屽湪鍦�(gu贸)鍏�(n猫i)澶�….

C.鍏锋湁璩囬噾瀵�(sh铆)鍔涚殑澶у瀷浼佹キ(y猫)閫氬父閲囧彇鑷繁鍑鸿硣骞朵互瀛愬叕鍙稿舰寮忕洿鎺ユ姇璩囷紝鎴栦綔鐐烘姇璩囪€呰垏……鎶曡硣璩囬噾

D.澶у(xu茅)鍩洪噾鏈�(hu矛)鍙楁瘡灞嗙敓婧�銆佸(xu茅)鏍￠亱(y霉n)鐕�(y铆ng)绛夊京(f霉)闆滃洜绱犲奖闊�锛屽皪(du矛)娴佸嫊(d貌ng)鎬ч渶姹傝純楂橈紝鏁呭偩鍚戜簬鐩稿皪(du矛)鐭湡鐨勬姇璩�

绛旀锛氭毇缂�

瑙ｆ瀽锛氬湪缇庡湅(gu贸)鍜屾瓙娲插競鍫�(ch菐ng)锛岄(y菐ng)鑰佸熀閲戠殑瑕�(gu墨)妯″緢澶�锛屾槸鑲℃瑠(qu谩n)鎶曡硣鍩洪噾绗竴澶ц硣鏈緵绲﹁€�銆備綔鐐鸿偂娆�(qu谩n)鎶曡硣琛屾キ(y猫)灏堟キ(y猫)鍖栫窗(x矛)鍒嗙殑鐢�(ch菐n)鐗╋紝姣嶅熀閲戞槸浠ヨ偂娆�(qu谩n)鎶曡硣鍩洪噾鐐烘姇璩囧皪(du矛)璞＄殑鍩洪噾锛屽叾鍦ㄥ熀閲戠殑绡╅伕銆佹姇璩囩祫鍚堢殑鍒嗛厤鑸囬ⅷ(f膿ng)闅�(xi菐n)绠＄悊浠ュ強鍩洪噾鐨勭洠(ji膩n)鎺х瓑鏂归潰鍏锋湁杓冮珮鐨勫皥妤�(y猫)鍖栨按骞炽€傚湪鍦�(gu贸)澶栬偂娆�(qu谩n)鎶曡硣鍩洪噾涓�锛屾瘝鍩洪噾鏄噸瑕佺殑姗�(j墨)妲�(g貌u)鎶曡硣鑰呫€傛湁璩囬噾瀵�(sh铆)鍔涚殑澶у瀷浼佹キ(y猫)閫氬父閲囧彇鍏╃ó鏂瑰紡鍙冭垏鑲℃瑠(qu谩n)鎶曡硣銆備竴鏄嚜宸卞嚭璩囷紝浠ュ瓙鍏徃鐨勫舰寮忛€�(j矛n)琛屽壍(chu脿ng)妤�(y猫)鎶曡硣鎴栧苟璩�(g貌u)?f霉)椤縔妤�(y猫)鍕�(w霉)锛涗簩鏄綔鐐烘姇璩囪€�锛屽弮鑸囧皥妤�(y猫)鍩洪噾绠＄悊浜虹櫦(f膩)璧疯ō(sh猫)绔嬬殑鑲℃瑠(qu谩n)鎶曡硣鍩洪噾銆傚ぇ瀛�(xu茅)鍩洪噾鏈�(hu矛)鏄湅(gu贸)澶栬偂娆�(qu谩n)鎶曡硣鍩洪噾閲嶈鐨勬(j墨)妲�(g貌u)鎶曡硣鑰�锛屽叾璩囬噾涓昏渚�(l谩i)婧愪簬绀炬渻(hu矛)鎹愯磮(z猫ng)銆傚ぇ瀛�(xu茅)鍩洪噾鏈�(hu矛)璧锋簮浜庢瓙缇�锛屽叾涓張浠ョ編鍦�(gu贸)鐨勫ぇ瀛�(xu茅)鍩洪噾鏈�(hu矛)鏈€鐐哄吀鍨�銆備綔鐐洪潪鐕�(y铆ng)鍒╁熀閲戞渻(hu矛)锛屽ぇ瀛�(xu茅)鍩洪噾鏈�(hu矛)鐐轰簡淇濇寔瀛�(xu茅)鏍＄殑閬�(y霉n)浣滆€岃ō(sh猫)绔�锛屽叾娴佸嫊(d貌ng)鎬ч渶姹備笉寮�(qi谩ng)锛屽彲浠ラ€�(j矛n)琛岀浉灏�(du矛)闀�(zh菐ng)鏈熺殑鎶曡硣锛屾槸绌�(w臎n)瀹氱殑姗�(j墨)妲�(g貌u)鎶曡硣鑰�銆傛晠D閷�(cu貌)瑾�銆�

14銆佷笅鍒楀摢椤炴儏褰笉灞簬鎴戝湅(gu贸)鍒戞硶瑕�(gu墨)瀹氱殑……(椤屽共涓嶅畬鏁�)

A.灏囬泦璩囨鐢ㄤ簬閬曟硶鐘姜娲诲嫊(d貌ng)

B.鑲嗘剰鎻湇闆嗚硣娆撅紝鑷翠娇闆嗚硣娆句笉鑳借繑閭�

C.鎷掍笉浜や唬璩囬噾鍘诲悜锛岄€冮伩杩旈倓鐝�(xi脿n)閲戠殑

D.灏囬泦璩囨鐢ㄤ簬鎶曡硣鑲″競绛�锛屽苟涓旂敤鍏朵腑鐩堝埄渚�(l谩i)绲︽姇璩囦汉鍏屼粯鏈伅

绛旀锛欴

瑙ｆ瀽锛氫娇鐢ㄨ⿶楱欐柟娉曢潪娉曢泦璩�锛屽叿鏈変笅鍒楁儏褰箣涓€鐨勶紝鍙互瑾�(r猫n)瀹氱偤"浠ラ潪娉曞崰鏈夌偤鐩殑"锛�(1)闆嗚硣鍚庝笉鐢ㄤ簬鐢熺敘(ch菐n)缍�(j墨ng)鐕�(y铆ng)娲诲嫊(d貌ng)鎴栬€呯敤浜庣敓鐢�(ch菐n)缍�(j墨ng)鐕�(y铆ng)娲诲嫊(d貌ng)鑸囩睂闆嗚硣閲戣(gu墨)妯℃槑椤笉鎴愭瘮渚�锛岃嚧浣块泦璩囨涓嶈兘杩旈倓鐨�锛�(2)鑲嗘剰鎻湇闆嗚硣娆�锛岃嚧浣块泦璩囨涓嶈兘杩旈倓鐨�(B灞簬)锛�(3)鏀滃付闆嗚硣娆鹃€冨尶鐨�锛�(4)灏囬泦鍥炴紗鍥炶硣娆剧敤浜庨仌娉曠姱缃椿鍕�(d貌ng)鐨�(A灞簬)锛�(5)鎶介€�銆佽綁(zhu菐n)绉昏硣閲�锛岄毐鍖胯病(c谩i)鐢�(ch菐n)锛岄€冮伩杩旈倓璩囬噾鐨�锛�(6)闅卞尶銆侀姺姣€璩洰锛屾垨鑰呮悶鍋囩牬鐢�(ch菐n)銆佸亣鍊掗枆锛岄€冮伩杩旈倓璩囬噾鐨�锛涒懄7)鎷掍笉浜や唬璩囬噾鍘诲悜锛岄€冮伩杩旈倓璩囬噾鐨�(C灞簬)锛�(8)鍏朵粬鍙互瑾�(r猫n)瀹氶潪娉曞崰鏈夌洰鐨勭殑鎯呭舰銆傛晠閬窪

15銆佹牴鎿�(j霉)銆婁笂甯傚叕鍙稿壍(chu脿ng)妤�(y猫)鎶曡硣鍩洪噾鑲℃澅娓涙寔鑲′唤鐨勭壒鍒ヨ(gu墨)瀹氥€嬶紝鍓�(chu脿ng)妤�(y猫)鎶曡硣鍩洪噾鎵€鎶曡硣绗﹀悎姊濅欢鐨勪紒妤�(y猫)鏄寚婊胯冻涓嬪垪鎯呭舰涔嬩竴鐨勪紒妤�(y猫)()

鈪�.鎺ュ彈鎶曡硣鐣�(d膩ng)骞村強涓嬩竴绱嶇▍骞村害锛岀爺鐧�(f膩)璨�(f猫i)鐢ㄧ附椤嶅崰鎴愭湰璨�(f猫i)鐢ㄦ敮鍑虹殑姣斾緥涓嶄綆浜�20%

鈪�.棣栨鎺ュ彈鎶曡硣鏅�(sh铆)锛屼紒妤�(y猫)鎴愮珛涓嶆豢60鍊�(g猫)鏈�

鈪�.棣栨鎺ュ彈鎶曡硣鏅�(sh铆)锛屼紒妤�(y猫)鑱峰伐浜烘暩(sh霉)涓嶈秴閬�500浜�锛屾牴鎿�(j霉)缍�(j墨ng)瀵╄▓(j矛)鐨勫勾搴﹀悎骞舵渻(hu矛)瑷�(j矛)鍫�(b脿o)琛�锛屽勾閵峰敭椤嶄笉瓒呴亷2鍎勫厓锛岃硣鐢�(ch菐n)涓嶈秴閬�2鍎勫厓

鈪�.鎴嚦鐧�(f膩)琛岀敵璜�(q菒ng)鏉愭枡鍙楃悊鏃�锛屼紒妤�(y猫)鏍规摎(j霉)銆婇珮鏂版妧琛�(sh霉)浼佹キ(y猫)瑾�(r猫n)瀹氱鐞嗚睛娉曘€嬪凡鍙栧緱楂樻柊鎶€琛�(sh霉)浼佹キ(y猫)璀夋浉

A.鈪�銆佲叀銆佲參

B.鈪�銆佲叀銆佲叄

C.鈪�銆佲參銆佲叄

D.鈪�銆佲參銆佲叄

绛旀锛欳

瑙ｆ瀽锛氱涓夋鍓�(chu脿ng)妤�(y猫)鎶曡硣鍩洪噾鎵€鎶曡硣绗﹀悎姊濅欢鐨勪紒妤�(y猫)鏄寚婊胯冻涓嬪垪鎯呭舰涔嬩竴鐨勪紒妤�(y猫)锛�(涓€)棣栨鎺ュ彈鎶曡硣鏅�(sh铆)锛屼紒妤�(y猫)鎴愮珛涓嶆豢60鍊�(g猫)鏈�锛�(浜�)棣栨鎺ュ彈鎶曡硣鏅�(sh铆)锛屼紒妤�(y猫)鑱峰伐浜烘暩(sh霉)涓嶈秴閬�500浜�锛屾牴鎿�(j霉)鏈�(hu矛)瑷�(j矛)浜嬪嫏(w霉)鎵€瀵╄▓(j矛)鐨勫勾锛屽害鍚堝苟鏈�(hu矛)瑷�(j矛)鍫�(b脿o)琛�锛屽勾閵峰敭椤嶄笉瓒呴亷2鍎勫厓銆佽硣鐢�(ch菐n)绺介涓嶈秴閬�2鍎勫厓锛�(涓�)鎴嚦鐧�(f膩)琛岀敵璜�(q菒ng)鏉愭枡鍙楃悊鏃�锛屼紒妤�(y猫)渚濇摎(j霉)銆婇珮鏂版妧琛�(sh霉)浼佹キ(y猫)瑾�(r猫n)瀹氱鐞嗚睛娉曘€嬪湅(gu贸)绉戠櫦(f膩)鐏€�2016銆�32铏�(h脿o))宸插彇寰楅珮鏂版妧琛�(sh霉)浼佹キ(y猫)璀夋浉銆�

16銆侀棞(gu膩n)浜庤偂娆�(qu谩n)鍗�(xi茅)璀拌綁(zhu菐n)璁撻€€鍑猴紝浠ヤ笅琛ㄨ堪姝ｇ⒑鐨勬槸()

鈪�.鑲℃瑠(qu谩n)杞�(zhu菐n)璁撴柟鍜屽彈璁撴柟缍�(j墨ng)鍒濇璜囧垽锛屽彲浠ョ敖缃茶偂娆�(qu谩n)杞�(zhu菐n)璁撴剰鍚戞浉

鈪�.鑲℃瑠(qu谩n)鍥炶臣(g貌u)鐨勭櫦(f膩)璧蜂汉鍙互鏄偂娆�(qu谩n)鎶曡硣鍩洪噾銆佽鎶曡硣浼佹キ(y猫)鍘熻偂鏉卞拰绠＄悊灞�

鈪�.鑲℃瑠(qu谩n)杞�(zhu菐n)璁撴柟鍙互鏍规摎(j霉)淇濆瘑鍘熷墖灏�(du矛)鍙楄畵鏂圭殑鐩¤伔瑾�(di脿o)鏌ヤ笉浜堥厤鍚�

鈪�.鑲℃瑠(qu谩n)杞�(zhu菐n)璁撳畬鐣㈠悗锛屼笉娑夊強妯�(bi膩o)鐨勫叕鍙告帶鍒舵瑠(qu谩n)璁婂寲鐨勫彲浠ヤ笉鍚戝競鍫�(ch菐ng)鐩�(ji膩n)鐫ｇ鐞嗛儴闁€杈︾悊璁婃洿鐧昏

A.鈪�銆佲叄

B.鈪犮€佲叀

C.鈪�銆佲叄

D.鈪�銆佲叀銆佲叄

绛旀锛欱

瑙ｆ瀽锛氳偂娆�(qu谩n)杞�(zhu菐n)璁撳畬鐣㈠悗锛屾噳(y墨ng)鍚戝伐鍟嗚鏀跨鐞嗛儴闁€鐢宠珛(q菒ng)鍏徃璁婃洿鐧昏锛屾晠I鈪閷�(cu貌)瑾�銆傛晠閬窧銆�

​17銆侀€氶亷鐩存帴鎴栭枔鎺ユ柟寮�锛屼富瑕佹姇璩囪檿浜庡悇鍊�(g猫)鍓�(chu脿ng)妤�(y猫)闅庢鐨勬湯涓婂競鎴愰暦(zh菐ng)鎬т紒妤�(y猫)鐨勫熀閲戝寘鎷�()

鈪�.鍓�(chu脿ng)妤�(y猫)鎶曡硣鍩洪噾

鈪�.鏉犳】鏀惰臣(g貌u)鍩洪噾

鈪�.瀹氬悜澧炵櫦(f膩)鎶曡硣鍩洪噾

鈪�.鏀垮簻寮曞皫(d菐o)鍩洪噾

A.鈪�銆佲叄

B.鈪�銆佲叄

C.鈪�銆佲參銆佲叄

D.鈪�銆佲參

绛旀锛欰

瑙ｆ瀽锛氬壍(chu脿ng)妤�(y猫)鎶曡硣鍩洪噾锛屾槸鎸囦富瑕佹姇璩囦簬铏曚簬鍚勫€�(g猫)鍓�(chu脿ng)妤�(y猫)闅庢鐨勬湭涓婂競鎴愰暦(zh菐ng)鎬т紒妤�(y猫)鐨勮偂娆�(qu谩n)鎶曡硣鍩洪噾锛屾晠鈪犳纰�銆傛潬妗挎敹璩�(g貌u)鍩洪噾寰炴姇璩囧皪(du矛)璞＄湅锛屼富瑕佹槸鎴愮啛浼佹キ(y猫)锛屾晠鈪￠尟(cu貌)瑾ゃ€傛斂搴滃紩灏�(d菐o)鍩洪噾鏄敱鏀垮簻瑷�(sh猫)绔嬪苟鎸夊競鍫�(ch菐ng)鍖栨柟寮忛亱(y霉n)浣滅殑鏀跨瓥鎬у熀閲�锛岄紦鍕�(l矛)鍓�(chu脿ng)妤�(y猫)鎶曡硣鍩洪噾鎶曡硣铏曚簬绋瓙鏈熴€佽捣姝ユ湡绛夊壍(chu脿ng)妤�(y猫)鏃╂湡鐨勪紒妤�(y猫)銆傛晠鈪姝ｇ⒑銆傚畾鍚戝鐧�(f膩)鎶曡硣鍩洪噾(绨�(ji菐n)绋卞畾澧炲熀閲�)鏄寚鍙冭垏涓婂競鍏徃瀹氬悜澧炵櫦(f膩)鐐轰富鐨勫熀閲�锛屽嵆涓昏鎶曡硣浜庝笂甯傚叕鍙搁潪鍏枊鐧�(f膩)琛岀殑鑲＄エ鐨勬姇璩囧熀閲戙€傛晠鈪㈤尟(cu貌)瑾�銆�

璩囨枡鍗€(q奴)锛屽洖绛�18-20椤�

鏌愬悎浼欏瀷鍩洪噾A浜�2008骞�1鏈�1鏃ュ嫙闆嗗畬鎴愬苟瑷�(sh猫)绔�锛岃獚(r猫n)绻宠(gu墨)妯�3鍎勫厓浜烘皯骞�锛屽叏楂斿悎浼欎汉鑷ō(sh猫)绔嬫棩璧锋瘡骞�1鏈�1鏃ョ钩绱�1鍎勫厓锛岄€ｇ簩(x霉)3骞寸钩娓呭叏閮ㄨ獚(r猫n)绻抽銆傚緸2012骞�1鏈�1鏃ヨ捣锛屽熀閲慉姣忓勾灏�2鍎勫厓鐝�(xi脿n)閲戠敤浜庡垎閰�锛岄€ｇ簩(x霉)3骞达紝鑷�2014骞�1鏈�1鏃ュ垎閰嶅畬鎴愬悗娓呯畻銆傛牴鎿�(j霉)鍚堜紮鍗�(xi茅)璀扮磩瀹�锛屽熀閲慉鎸夌収鐎戝竷寮忓垎閰嶆敹鐩�锛屽嵆鍦ㄥ叏楂斿悎浼欎汉鍥炴敹鍏ㄩ儴鏈噾骞跺氨鍏舵瘡绛嗗嚭璩囬仈(d谩)鍒板柈鍒�8%骞村洖鍫�(b脿o)鍚庯紝鍩洪噾绠＄悊浜鸿浣胯拷瓒曟(j墨)鍒跺苟鍙渶澶氭彁鍙�20%鐨勫噲鎶曡硣鏀剁泭浣滅偤妤�(y猫)绺�(j墨)鍥炲牨(b脿o)銆�

18銆�2013骞�6鏈�30鏃ュ熀閲戠殑宸插垎閰嶆敹鐩婂€嶆暩(sh霉)鐐�()

A.1.33

B.2

C.缂哄皯姊濅欢鐒�(w煤)娉曡▓(j矛)绠�

D.0.67

绛旀锛欰

瑙ｆ瀽锛氬凡鍒嗛厤鏀剁泭鍊嶆暩(sh霉)(DPI)锛屾槸鎸囨埅鑷虫煇涓€鐗瑰畾鏅�(sh铆)榛�(di菐n)锛屾姇璩囪€呭凡寰炲熀閲戠嵅寰楃殑鍒嗛厤閲戦绺藉拰鑸囨姇璩囪€呭凡鍚戝熀閲戠钩娆鹃噾椤嶇附鍜岀殑姣旂巼锛岄珨鐝�(xi脿n)浜嗘姇璩囪€呯従(xi脿n)閲戠殑鍥炴敹鎯呮硜銆傚叾瑷�(j矛)绠楀叕寮忓涓嬶細

鍏朵腑锛孌锛孌锛孌锛�…锛孌锛岀偤鎶曡硣鑰呮骞村緸鍩洪噾鐛插緱鐨勫垎閰嶉锛孭I锛孭IPl锛�…锛孭I锛岀偤鎶曡硣鑰呮骞村悜鍩洪噾鏀粯鐨勫(sh铆)绻冲嚭璩囬锛屽潎鐐烘鏁�(sh霉)銆�(2+2)/(1+1+1)=1.33

19銆佸熀閲慉鐨勫収(n猫i)閮ㄦ敹鐩婄巼鏈€鎺ヨ繎()

A.14.9%

B.18.9%

C.17.9%

D.15.9%

绛旀锛欱

瑙ｆ瀽锛氬収(n猫i)閮ㄦ敹鐩婄巼鏄寚鎴嚦鏌愪竴鐗瑰畾鏅�(sh铆)榛�(di菐n)锛屽€掓帹瑷�(j矛)绠楄嚦鍩洪噾鎴愮珛鍚庣涓€绛嗙従(xi脿n)閲戞祦鐢�(ch菐n)鐢熸檪(sh铆)锛屽熀閲戣硣閲戞祦鍏ョ従(xi脿n)鍊煎姞涓婅硣鐢�(ch菐n)鍑堝€肩従(xi脿n)鍊肩附椤嶈垏璩囬噾娴佸嚭鐝�(xi脿n)鍊肩附椤嶇浉绛�锛屽嵆鍑堢従(xi脿n)鍊�(NPV)绛変簬闆舵檪(sh铆)鐨勬姌鐝�(xi脿n)鐜囥€�

0=1+1/(1+r)+1/(1+r)^2-2/(1+r)^4-2/(1+n^5-2/(1+n^6r=18.9%

20銆佸熀閲戠鐞嗕汉鏈€绲傜嵅寰楃殑鍒嗛厤娆剧偤()

A.0.41鍎勫厓

B.0.44鍎勫厓

C.0.60鍎勫厓

D.1.20鍎勫厓

绛旀锛欱

瑙ｆ瀽锛�(2+2+2)-(1+1+1)=3鍎勫厓鍏ㄩ珨鍚堜紮浜哄垎閰嶉杸妾绘敹鐩婏細3*8%*6=1.44鍎勫厓鍩洪噾绠＄悊浜哄彲鍒嗛厤锛�1.44/80%*20%=0.44鍎勫厓

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