NO.PZ201512300100001505
问题如下:
Silverstein should estimate the Gordon Growth Model (GGM) equity risk premium as:
选项:
A. 4.3%
B. 5.4%
C. 9.3%
解释:
B is correct. The equity risk premium estimate based on the GGM equity risk premium approach is calculated as:
GGM equity risk premium estimate = Dividend yield on the market index based on one-year-ahead aggregate forecasted dividends and aggregate market value + consensus long-term earnings growth rate – current long-term government bond yield
GGM equity risk premium estimate = 2.3% + 5.9% − 2.8% = 5.4%
V0为什么不用求呢,哪里看出来是等于1?