模型区分

问题如下：

Jack,an analyst of a PE, is calculating the intrinic value of stock who bases the computation on dividend-paying capability instead of forcasted dividends will use:

选项：

A.

cash flow from operations model.

B.

FCFE model.

C.

dividend discount model.

解释：

B is correct.

The free cash flow to equity model assumes that dividend-paying capability is shown in free cash flow to equity.

考点：FCFE Model

FCFE是股东可以自由支配的现金流，因此它是可以被用来发放股利的最大值。因此也被称为dividend-paying capability股利支付的能力。