问题如下:
Samsonite has just paid a dividend of 500 per share. In the next four years, the annual dividend will grow at 5% a year. At the end of the fourth year, the company's shares were expected to sell for $10,000. If the required rate of return is 15%, the intrinsic value of the shares of samsonite is the closest:
选项:
A. $5,000.
B. $7,319
C. $7,870.
解释:
B is correct.
V 0 =525/1.15+551.25/1.15^2+579/1.15^3+608/1.15^4+10000/1.15^4=7319
老师,题目中最后说的求intrinsic value一般指的是现值吗?15个点的回报率是分红增长率和留存收益率的和加起来吗?