问题如下图:
选项:
A.
B.
C.
解释:
想请问下为什么a不对呢,不是g越大value越小吗?
NO.PZ2015122801000064 问题如下 Chloe wants to use the vinscount mol anthe CAPM to value stocks. Whiof the following is most likely to crease the estimatevalue of a stoif all other factors keep constant? A.increase in the expectegrowth rate of vin. B.increase in the expectevin C.increase in the stock's systematic risk. C is correct.Other things equal, using the CAPM, increase in the stock's systematic risk woulincrease the requirereturn on equity ancrease the present value of the value of the stock. Value of sto= / (r - g).C是正确的。本题考察的是两个公式的运用红利折现模型V = /(r – g), 资本资产定价模型 r = rf + β*(rm – rf)A,红利增长率g上升,由公式1可得股票价值上升。A错B,红利增长,由公式1得股票价值也上升。B错。C,系统性风险上升,代表公式2中β上升,则r上升。公式1和2一起可得,股票价值下降。C正确。 r = rf + β*(rm – rf)β代表系统性风险 是老师是在哪里有提到,是讲义的哪里呢
NO.PZ2015122801000064问题如下Chloe wants to use the vinscount mol anthe CAPM to value stocks. Whiof the following is most likely to crease the estimatevalue of a stoif all other factors keep constant? A.increase in the expectegrowth rate of vin. B.increase in the expectevin C.increase in the stock's systematic risk. C is correct.Other things equal, using the CAPM, increase in the stock's systematic risk woulincrease the requirereturn on equity ancrease the present value of the value of the stock. Value of sto= / (r - g).C是正确的。本题考察的是两个公式的运用红利折现模型V = /(r – g), 资本资产定价模型 r = rf + β*(rm – rf)A,红利增长率g上升,由公式1可得股票价值上升。A错B,红利增长,由公式1得股票价值也上升。B错。C,系统性风险上升,代表公式2中β上升,则r上升。公式1和2一起可得,股票价值下降。C正确。 这题解析中用的是GGM模型的公式r-g,但题目中说的是M模型(GGM只是M中的一种),我理解应该用M的模型来想这道题,A被排除的原因是M模型中不涉及g,因为没有假设照g的速度增长(仅GGM有这种假设)。您看这么想是否正确?
NO.PZ2015122801000064 来源: 品职出题 Chloe wants to use the vinscount mol anthe CAPM to value stocks. Whiof the following is most likely to crease the estimatevalue of a stoif all other factors keep constant? 正确答案是: C A increase in the expectegrowth rate of vin. B 不正确increase in the expectevin C increase in the stock's systematic risk. 数据统计(全部) 做对次数: 2859 做错次数: 1112 正确率: 72.00% 数据统计(个人) 做对次数: 0 做错次数: 1 正确率: 0.00% 解析 C is correct. Other things equal, using the CAPM, increase in the stock's systematic risk woulincrease the requirereturn on equity ancrease the present value of the value of the stock. Value of stock = / (r - g).
请问为什么A不对?
CAPM是什么的缩写简称呢?返回去翻讲义翻了半天没找到