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砖尼 · 2020年02月14日

问一道题:NO.PZ201710200100000208

* 问题详情,请 查看题干

问题如下:

8. Based on Exhibit 4 and Intern 1’s analysis, Xavier Corporation’s sustainable dividend payout ratio is closest to:

选项:

A.

43.4%.

B.

44.6%.

C.

56.6%.

解释:

C is correct because it is based on the sustainable growth rate and the required rate of return:

Sustainable growth rate = (b in mature phase) × (Return on equity)

= (1 – Dividend payout) × (Return on equity)

0.036 = (1 – Dividend payout) × 0.083

Solving for the dividend payout ratio, the dividend payout = 56.627% ≈ 56.6%.

请问maturity phase是怎么看出来的,因为题干里说sustainable吗

1 个答案
已采纳答案

maggie_品职助教 · 2020年02月17日

是的,我们通常假设公司最后一个阶段为可持续阶段也就是成熟阶段。