NO.PZ2018103102000072
问题如下:
Which of the following statements is incorrect?
Statement 1: A dividend discount model is applicable to stable, mature, dividend paying companies.
Statement 2: The free cash flow valuation model is an appropriate measure if a company is viewed as an acquisition target.
Statement 3: The dividend discount model may be more related to long-run profitability of the firm as compared to the free cash flow model.
选项:
A.
Statement 1.
B.
Statement 2.
C.
Statement 3.
解释:
C is correct.
考点:Appropriateness & Summary of Valuation Methods
解析:选项C说反了,相对于分红而言,自由现金流与公司长期盈利能力更为相关。选项B是正确的,因为对于并购后取得实际控制的投资者来说,自由现金流模型比红利模型更加适合。
3陈述,如果公司是长期profit的公司,并且进行分红,用发的dividend进行求算,不是更好么