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砖尼 · 2020年02月13日

问一道题:NO.PZ201710200100000204

* 问题详情,请 查看题干

问题如下:

4. Under her Scenario 1 and based on Exhibit 2, the required rate of return that Withers used for Venus Company stock valuation is closest to:

选项:

A.

8.0%.

B.

9.6%.

C.

10.0%.

解释:

C is correct, based on Exhibit 2 and the H-model.

Estimate the required rate of return using Equation:

r = (D0/P0)[(1 + gL) + H (gS - gL)] + gL

Substitute the following:

D0 = 3.15

gS = 8%

gL = 4%

H = 4 ÷ 2 = 2

The model thus produces

r =(3.15/58.79) [(1 + 0.04) + 2 (0.08 - 0.04)] + 0.04

= (0.053581 × 1.12) + 0.04

= 0.060010 + 0.04 = 0.10001 ≈ 10%

请问题目中Required rate of return for Venus Company is 8%和题目中要我们算的有什么区别呢?

1 个答案

maggie_品职助教 · 2020年02月14日

仔细审题哦,本小问让我们用scenario 1和表格2的信息来计算要求回报率,而你说的8%是情景二的条件。