NO.PZ2018103102000090
问题如下:
Matt has evaluating the value of Company M of $20 per share by using the two stage model. The company has paid a dividend of $1 per share for the most recent year. The relative highly growth rate is 5% over the first three years. The required rate of return is 8% What`s the long-term growth rate?
选项:
A.
2.00%
B.
2.51%
C.
3.00%
解释:
B is correct.
考点:Two Stage Model
解析:根据公式:
求得gL = 2.51%
这句话我的理解是 div1=1 div2=1.05 div3=1.05^2 这明显和答案不一致 感觉很不太能够理解