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Excel Solutions - Chapter 12

Fundamentals of Corporate Finance Standard Edition

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Chapter 12 Problems 1-21 Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green

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Chapter 12 Question 1 Input area: Initial price \$64 Dividend paid 1.75 Ending share price 72 Output area: Total return = 15.23%
Chapter 12 Question 2 Input area: Initial price \$64 Dividend paid 1.75 Ending share price 72 Output area: Dividend yield = 2.73% Capital gains yield = 12.50%

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Chapter 12 Question 3 Input area: Initial price \$64 Dividend paid 1.75 Ending share price \$55 Output area: Total return = -11.33% Dividend yield = 2.73% Capital gains yield = -14.06%
Chapter 12 Question 4 Input area: Initial price \$1,050 Coupon paid 90 Ending price 1,080 Inflation rate 4% Output area: a. Dollar return = \$120.00 b. Nominal return = 11.43% c. Real return = 7.14%

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Chapter 12 Question 5 Input area: Nominal return 12.40% Inflation rate 3.10% Output area: a. Nominal return = 12.40% b. Real return = 9.02%
Chapter 12 Question 6 Input area: Long-term government 5.80% Long-term corporate 6.20% Inflation rate 3.00% Output area: Real long-term government return = 2.72% Real long-tern corporate return = 3.11%

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Chapter 12 Question 7 Input area: Year X Y 1 14% 29% 2 20% -7% 3 -9% -12% 4 3% 56% 5 17% 8% Output area: X Deviation 1 0.14 0.09 0.05 2 0.20 0.09 0.11 3 (0.09) 0.09 (0.18) 4 0.03 0.09 (0.06) 5 0.17 0.09 0.08 Total 0.45 Average return 9.00% Variance = 0.014250 Standard Deviation = 11.94% X Deviation 1 0.29 0.15 0.14 2 (0.07) 0.15 (0.22) 3 (0.12) 0.15 (0.27) 4 0.56 0.15 0.41 5 0.08 0.15 (0.07) Total 0.74 Average return 14.80% Actual Return Average Return Actual Return Average Return
0.078470 Standard Deviation = 28.01%

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Excel Solutions - Chapter 12 - Chapter 12 Problems 1-21...

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