问题如下:
1. Which of the following is closest to Rae’s estimate of the stock’s value?
选项:
A.$10.08.
B.$10.54.
C.$10.62.
解释:
C is correct.
Using the Gordon growth model,
$$V_0=\frac{D_1}{r-g}=\frac{0.59(1+0.0530)}{0.1115-0.0530}=\$10.62$$
请问下这道题的g为什么不是4.48%。 total return=dividend yield + capital gain yield,那么此处的g=capital gain yield = (P1-P0)/P0. 因该代表的是EPS 的增长啊。为什么计算里用DIVIDEND YIELD 的增长来算