KeynesYang · 2020年01月16日
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问题如下：
1. Which of the following long-term FCFE growth rates is most consistent with the facts and stated policies of Emerald?
选项：
A.5 percent or lower.
B.2 percent or higher.
C.8 percent or higher.
解释：
C is correct.
The sustainable growth rate is return on equity (ROE) multiplied by the retention ratio. ROE is 10 percent, and the retention ratio is 1-Payout ratio, or 1.0-
C选项里感觉g就是8%，higher这个判断是怎么来的？
NO.PZ201512300100001001问题如下1. Whiof the following long-term FCFE growth rates is most consistent with the facts anstatepolicies of EmeralA.5 percent or lower.B.2 percent or higher.C.8 percent or higher.C is correct.The sustainable growth rate is return on equity (ROE) multipliethe retention ratio. ROE is 10 percent, anthe retention ratio is 1-Payout ratio, or 1.0- 0.2 = 0.8. The sustainable growth rate is 0.8 × 10% = 8%. FCFE growth shoulleast 8 percent per yein the long term. g 比8%更高的话，如11%，那不是违反了假设，g大于r 的假设吗
NO.PZ201512300100001001 ROE和g的关联公式是？
NO.PZ201512300100001001 我用公式算出了8 percent，但是不明白为什么是8 percent anhigher
这个为什么不考虑inventory changes (unsustainable source）5% 带来的影响？
没太明白，答案这里计算的是ving，FCFF FCFE vin三者的g之间有什么关系么？为什么说FCFE的g至少是这个数？
