NO.PZ2018103102000039
问题如下:
Steve is considering adding TMT Inc. in his portfolio. One of his colleagues Alan who also interested in TMT believes that the stock’s current market price of $30.79 is the fair value of the stock. However, Steve considers a security trading within a band of ±10 percent of his estimate of intrinsic value to be within a -fair value range.- Given the company’s current intrinsic value is $25.62, Steve believes the stock of TMT Inc. is most likely:
选项:
A.
undervalued.
B.
fairly valued.
C.
Overvalued.
解释:
C is correct.
考点:DDM,The Gordon Growth Model Equation The & Implied Dividend Growth Rate
解析:C是正确的。Steve对内在价值的估计是25.62美元。那么TMT Inc.的合理区间为25.62±2.56美元,从25.62美元+ 2.56美元= 28.18美元到25.62美元 – 2.56美元=23.06美元。因为$30.79高于$28.18,所以Steve会认为TMT当前的股价是被高估了。
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