问题如下:
3. Which sector report best describes a situation in which the Gordon growth model could be used to value utility stocks?
选项:
A.Report 1
B.Report 2
C.Report 3
解释:
B is correct
because the Gordon growth model can accurately value companies that are repurchasing shares when the analyst can appropriately adjust the dividend growth rate for the impact of share repurchases.
g不是应该是stable的吗?如果回购的话会改变资本结构啊,g就不是stable的了啊?