NO.PZ2018103102000073
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
data中
x01=0.6
x02=0.72
x3=19.008
y01=1/1.1
y02=1/1.21
y03=1/1.331
stat中的xy值应该与CF和 npv算出的一样吧?
谢谢