问题如下图：不是last 吗？分红，应该要连续乘以两个增长率吧？
选项：
A. 
B. 
C. 
解释：
NO.PZ2018103102000041 问题如下 Steve is consiring aing TMT Inin his portfolio. One of his colleagues Alwho also interestein TMT suggesteththe stock’s current market priof $30.79 is equto the fair value of the stock. Whis the impliegrowth rate of vin given the stock’s market price? Given the requirereturn on equity is 9.8% anthe company’s last vinpayment is $1.45 per share. 6.44%. 4.86%. 7.32%. B is correct.考点M,The Gorn Growth Mol Equation The ImplievinGrowth Rate解析B是正确的。如果公司的内在价值等于当前市价30.79，那么使用戈登增长模型反推隐含增长率V0=/r-g (9.8%-g)30.79=1.45(1+g)g=4.86% 算不出正确答案？用GGM，V0=(1+g)/re-g1.45（1+g）=30.70（9.8-g），g=9.314%
NO.PZ2018103102000041 4.86%. 7.32%. B is correct. 考点M,The Gorn Growth Mol Equation The & ImplievinGrowth Rate 解析B是正确的。如果公司的内在价值等于当前市价30.79，那么使用戈登增长模型反推隐含增长率V0=/r-g (9.8%-g)30.79=1.45(1+g) g=4.86% 如题 谢谢。 就是求要求回报率那个公式
此题为什么不用g=roe*b=9.8%*(1-1.45/30.79)?
