NO.PZ2018062002000158
问题如下:
Jack,an analyst of a PE, is calculating the intrinic value of stock who bases the computation on dividend-paying capability instead of forcasted dividends will use:
选项:
A.
cash flow from operations model.
B.
FCFE model.
C.
dividend discount model.
解释:
B is correct.
The free cash flow to equity model assumes that dividend-paying capability is shown in free cash flow to equity.
考点:FCFE Model
FCFE是股东可以自由支配的现金流,因此它是可以被用来发放股利的最大值。因此也被称为dividend-paying capability股利支付的能力。
三个模型分别什么时候使用