NO.PZ2023052407000007
问题如下:
Mylandia Corporation stock trades at CAD60.00. The company pays an annual dividend to its shareholders, and its most recent payment of CAD2.40 occurred yesterday. Analysts following Mylandia expect the company’s dividend to grow at a constant rate of 3 percent per year. Mylandia’s required return is:
选项:
A.8.00 percent
B.7.00 percent.
C.7.12 percent.
解释:
C is correct. We may solve for required return based upon the assumption of constant dividend growth using Equation 21:
B is incorrect as 7.00 percent is the result if we use the previous dividend of CAD2.40 instead of the next expected dividend. A is incorrect as 8.00 percent is simply the required return assumed from one of the Mylandia examples in Question Set 1 in which the price is solved to be a lower value.