NO.PZ2023032701000031
问题如下:
Peters asks a newly hired analyst, Kurt Thomas, to comment on the evaluation approach for these three stocks. Thomas makes the following statements:
• A free cash flow valuation model would not be appropriate to evaluate Company ABC if the firm becomes a takeover candidate.
• A dividend discount model cannot be applied to Company XYZ if dividends are suspended for a few years.
• A dividend discount model is suitable for evaluating the stock of Company JZY because of the historically consistent payout ratio.
Which of the following statements made by Thomas is correct?
选项:
A.
Statement 1
B.
Statement 2
C.
Statement 3
解释:
A dividend discount model is especially useful when dividend policy bears an understandable and consistent relationship to the company’s profitability. The relatively consistent dividend payout ratio suggests Company JZY would be a suitable candidate for a dividend discount model.
Dividend 的发放停止了很多年,还可以使用DDM模型吗?