NO.PZ2015122802000164
问题如下：
The Beasley Corporation has just paid a dividend of $1.75 per share. If the required rate of return is 12.3 percent per year and dividends are expected to grow indefinitely at a constant rate of 9.2 percent per year, the intrinsic value of Beasley Corporation stock is closest to:
选项：
A.$15.54.
B.$56.45.
C.$61.65.
解释：
C is correct.
P0 = D1/(r – g) = 1.75(1.092)/(0.123 – 0.092) = $61.65.
考点：GGM
“just paid”就是刚刚支付的意思，就是D0，而D1开始是未来没有发放的股利，我们要对做他们预测，因此D1=D0(1+g).
