NO.PZ2015122801000052
问题如下:
Bear Company is expected to have a payout ratio of 50% and growth rate of 10%. Assume the rate of return is 15%, What is the firm's leading price-to-earnings (P/E) ratio?
选项:
A.9x.
B.10x.
C.11x.
解释:
B is correct.
P/E=divident payout ratio /( k-g) = 0.5 / (0.15 - 0.1) = 10x.
B是正确的。
本题考察的是leading P/E的计算公式应用。
P/E1 = (1-b)/(k-g) = 0.5/(0.15-0.1) = 10
请问如果payout ratio是70%
那b是不是就等于30%?那公式的分子就是1-30%?