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belgiles · 2021年05月02日

不好意思解题没看懂，系统性风险是如何影响CAPM的？

  1. CFA I
  2. Equity

NO.PZ2015122801000064

问题如下：

Chloe wants to use the dividend discount model and the CAPM to value stocks. Which of the following is most likely to decrease the estimated value of a stock if all other factors keep constant?

选项：

A.

An increase in the expected growth rate of dividends.

B.

An increase in the expected dividend.

C.

An increase in the stock's systematic risk.

解释：

C is correct.

Other things equal, using the CAPM, an increase in the stock's systematic risk would increase the required return on equity and decrease the present value of the value of the stock. Value of stock = D1/ (r - g).

来源: 品职出题

Chloe wants to use the dividend discount model and the CAPM to value stocks. Which of the following is most likely to decrease the estimated value of a stock if all other factors keep constant?

正确答案是: C

A

An increase in the expected growth rate of dividends.

B

不正确An increase in the expected dividend.

C

An increase in the stock's systematic risk.

数据统计(全部)

做对次数: 2859

做错次数: 1112

正确率: 72.00%

数据统计(个人)

做对次数: 0

做错次数: 1

正确率: 0.00%

解析

C is correct.

Other things equal, using the CAPM, an increase in the stock's systematic risk would increase the required return on equity and decrease the present value of the value of the stock. Value of stock = D1/ (r - g).



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1 个答案

Debrah_品职答疑助手 · 2021年05月03日

嗨，努力学习的PZer你好：


系统性风险影响β，从而影响Re，通过公式V=D1/(r-g)影响V

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就算太阳没有迎着我们而来，我们正在朝着它而去，加油！

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