问题如下:
6. If Alex Renteria is correct that the current price of Tasty Foods stock is its fair value, what is expected capital gains yield on the stock?
选项:
A.3.87%.
B.4.25%.
C.5.30%.
解释:
A is correct.
If the stock is fairly priced in the market as per the Gordon growth model, the stock price is expected to increase at g, the expected growth rate in dividends. The implied growth rate in dividends, if price is the fair value, is 3.87 percent. Therefore, the expected capital gains yield is 3.87 percent.
我理解r=D1/P+g,g为capital gain,所以我带入11.15%=0.59*(1+5.3%)/8.42+g,求得g=3.77%,所以就近选对了,请问公式中数字是否带入有误