请问计算器-可以用data和stat功能吗？ 原理应该是一样的

问题如下：

Matt has concluded that the DDM model is appropriate to value Company M. Given the current dividend and the required rate of return of $0.5 per share and 10%, respectively. He has predicted that the dividend will grow at 20% a year for the first three years and then grow at 5% per year into the indefinite future. What`s the current value of Company M stock?

选项：

A.

$14.77

B.

$15.42

C.

$15.92

解释：

B is correct.

考点：Two Stage Model

解析：D₀ = $0.5 D₁ = $0.6 D₂ = $0.72 D₃ = $0.864

$P_3=\frac{D_3\times\left(1+g_L\right)}{r-g_L}=\frac{0.864\times\left(1+5\%\right)}{10\%-5\%}=18.144$

$V_0=\frac{D_1}{1+r}+\frac{D_2}{\left(1+r\right)^2}+\frac{D_3+P_3}{\left(1+r\right)^3}$

$=\frac{0.6}{1.1}+\frac{0.72}{1.1^2}+\frac{0.864+18.144}{1.1^3}=15.42$