xiaobaiybz · 2020年02月11日

问一道题：NO.PZ201710200100000304 第4小题 [ CFA II ]

1. CFA II
2. Equity

* 问题详情，请 查看题干

问题如下：

4. Based on Khan’s estimate of the capitalization rate, Main Company’s preferred stock is:

选项：

A.

undervalued.

B.

fairly valued.

C.

overvalued.

解释：

A is correct.

The value of a share of Main Company’s preferred stock is

$V_0=\frac{D}{r}=\frac{50\times 0.055}{0.06}=\frac{2.75}{0.06}=\frac{2.75}{0.06}=45.83$

The current price of a share of Main Company’s preferred stock is $42, so the stock is currently undervalued.

这个42是跟50比较的嘛？谢谢老师