NO.PZ201710200100000103
问题如下:
3. Assuming a new government takes office in Canada, Peters and her team estimate that the current intrinsic value of Company ABC would be closest to:
选项:
A.
C$9.15
B.
C$16.88
C.
C$17.47
解释:
C is correct.
The value of ABC would be calculated using the Gordon growth model as follows:
V0 = [D0(1 + g)]/(r – g) = [0.65 (1.035)]/(0.0735 – 0.035) = C$17.47.
为什么不能当永续年金来求?即D/r,0.65/3.5%