NO.PZ2023032701000061
问题如下:
Use the following inputs and the finite horizon form of the residual income model to compute the value of Southern Trust Bank (STB) shares as of31 December 2007:
• ROE will continue at 15 percent for the next five years (and 10 percent thereafter) with all earnings reinvested (no dividends paid).
• Cost of equity equals 10 percent.
• B0 = $10 per share (at year-end 2007).
• Premium over book value at the end of five years will be 20 percent.
The value would be:
选项:
A.
$15.01
B.
$15.18
C.
$15.39
解释:
请问这个知识点在讲义的那里呢?我记得老师画了一个竖向切割的表格,我也理解横竖表格都一样能解决问题。只是题目中这个专有名词还特意的带了horizon,让我比较在意是不是真的有两种表格 horizon vs vertical 而且两种表格真的有很大不同。麻烦老师看一下是不是我多虑了。
btw这个finite horizon form中文叫啥呢?有点好奇