问一道题：NO.PZ201512300100001203 第3小题 [ CFA II ]

* 问题详情，请查看题干

问题如下：

3. The most appropriate response to Nkomo’s Question 2 would be that the firm’s return on equity (ROE) is:

选项：

equal to the firm’s cost of equity.

lower than the firm’s cost of equity.

higher than the firm’s cost of equity.

解释：

because the intrinsic value is the book value per share, B0 , plus the expected residual income stream or . If ROE equals the cost of equity (r), then V0 = B0. This implies that ROE is equal to the cost of the equity, and therefore there is no residual income contribution to the intrinsic value. As a result, intrinsic value would be equal to book value.

麻烦老师解释一下这道题，谢谢

添加评论