Q25的几个数都是怎么来的？从哪里算出

同学你好，你是问A这个正确答案的数字是怎么来的？

根据题目内容“I. The dividend growth rate will be 14 percent throughout the first stage of eight years. The dividend growth rate thereafter will be 7 percent.

II. Instead of using the estimated stable growth rate of 7 percent in the second stage, Dobson wants to use his estimate that eight years later Talisman’s stock will be worth 17 times its earnings per share (trailing P/E of 17). He expects that the earnings retention ratio at that time will be 0.70.”

结合上面一个24小问，就可以算出terminal value的28.29是怎么来的

然后1.743这个数字是第一问22问的D1到D7的PV加总的值，下面附上了这个问题的计算答案解析