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阿紫 · 2022年06月04日

我算了Value

NO.PZ2018103102000092

问题如下:

Matt wants to use the Gordon growth model to find a justified leading P/E for the Company M. He has assembled the information in the given table.

Based on the justified leading P/E and the actual leadingP/E, determine whether the stock is fairly valued, overvalued, or undervalued?

选项:

A.

Overvalued.

B.

Fairly valued.

C.

Undervalued.

解释:

B is correct.

考点:Gordon Growth Model

解析:

Actual leading P/E = 37.6/1.88 = 20

两者相等,所以股票被正确定价。

value算出来是37.62,用ggm方法,1.8*30%*1.045/(6%-4.5%),结果比price大啊,是我算错,还是被四舍五入了??

1 个答案
已采纳答案

王园圆_品职助教 · 2022年06月04日

嗨,从没放弃的小努力你好:


同学你好,你看你算出来的value是37.62,而题目给出的股价是37.6,两者非常接近啊。一般如果计算出来的结果如此接近,肯定是选两者一样的哦,所以如果是我,我会选B而不是C

CFA协会的题目,每个答案之间的差异肯定非常大的,同学掌握一下这个协会的出题规律,以后就不会再困扰了

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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