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PaisleyPPx · 2021年07月08日

老师

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

NO.PZ201512300100001001

问题如下：

1. Which of the following long-term FCFE growth rates is most consistent with the facts and stated policies of Emerald?

选项：

A.

5 percent or lower.

B.

2 percent or higher.

C.

8 percent or higher.

解释：

C is correct.

The sustainable growth rate is return on equity (ROE) multiplied by the retention ratio. ROE is 10 percent, and the retention ratio is 1-Payout ratio, or 1.0- 0.2 = 0.8. The sustainable growth rate is 0.8 × 10% = 8%. FCFE growth should be at least 8 percent per year in the long term.

ROE和g的关联公式是？

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1 个答案

韩韩_品职助教 · 2021年07月09日

嗨，努力学习的PZer你好：


sustainable growth rate = ROE * 留存比率 或=ROE*（1-股利支付率）

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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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