NO.PZ201710200100000108
问题如下：
8. Based on Exhibit 1, the stock with the largest present value of growth opportunities (PVGO) is:
选项：
A.ABTD.
B.BKKQ.
C.CPMN.
解释：
B is correct.
BKKQ has the largest PVGO, which is calculated as follows:
PVGO (ABTD) = P0 – E1/r = 80.00 – [7.30/0.105] = C$10.48,
PVGO (BKKQ) = P0 – E1/r = 39.00 – [2.12/0.08] = C$12.50,
PVGO (CPMN) = P0 – E1/r = 27.39 – [1.90/0.12] = C$11.56,
where P0 is the current price per share, E1 is the forecasted earnings per share, and r is the required rate of return.
这个指标怎么理解呢，含义是什么
