NO.PZ201710200100000209
问题如下:
9. Based on Exhibit 4, Intern 2 should conclude that the Xavier stock is:
选项:
A.
underpriced.
B.
fairly priced.
C.
overpriced.
解释:
A is correct. Intern 2 values Xavier stock at USD 56.372 per share, which is higher than the current price of USD 52.
D1 = 2.000 × (1.048)1 = 2.096
D2 = 2.000 × (1.048)2 = 2.197
D3 = 2.000 × (1.048)3 = 2.302
D4 = 2.000 × (1.048)4 = 2.413
D5 = 2.000 × (1.048)4 × 1.04 = 2.510
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