请问

NO.PZ2023032701000064 问题如下 Castovan’s finassignment is to termine the intrinsic value of TTusing both a singlestage ana multistage RI mol. Selecteta anassumptions for TTare presentein Exhibit 2.For the multistage mol, Castovforecasts TTCI’s ROE to higher thits long-term ROE for the first three years. Forecasteearnings per share anvin per share for TTare presentein Exhibit 3. Starting in Ye4, Castovforecasts TTCI’s ROE to revert to the constant long-term ROE of 12% annually. The terminvalue is baseon assumption thresiincome per share will constant from Ye3 into perpetuity. Beckworth questions Castovan’s assumption regarng the impliepersistenfactor usein the multistage RI valuation. She tells Castovthshe believes tha persistenfactor of 0.10 is appropriate for TTCI.Baseon Exhibits 2 an3 anthe multistage RI mol, Castovshoulestimate the intrinsic value of TTto closest to: A.€54.88 B.€83.01 C.€85.71 PVRIt-1=(RIt-1xω)/(1+r-ω) 为什么不用这个公式折现？

NO.PZ2023032701000064 问题如下 Castovan’s finassignment is to termine the intrinsic value of TTusing both a singlestage ana multistage RI mol. Selecteta anassumptions for TTare presentein Exhibit 2.For the multistage mol, Castovforecasts TTCI’s ROE to higher thits long-term ROE for the first three years. Forecasteearnings per share anvin per share for TTare presentein Exhibit 3. Starting in Ye4, Castovforecasts TTCI’s ROE to revert to the constant long-term ROE of 12% annually. The terminvalue is baseon assumption thresiincome per share will constant from Ye3 into perpetuity. Beckworth questions Castovan’s assumption regarng the impliepersistenfactor usein the multistage RI valuation. She tells Castovthshe believes tha persistenfactor of 0.10 is appropriate for TTCI.Baseon Exhibits 2 an3 anthe multistage RI mol, Castovshoulestimate the intrinsic value of TTto closest to: A.€54.88 B.€83.01 C.€85.71 根据题干内容，从第四年开始ROE永久变成12%，那我用 （12% - 8.7%）* BV3 计算一个RI4不可以吗？

NO.PZ2023032701000064 问题如下 Castovan’s finassignment is to termine the intrinsic value of TTusing both a singlestage ana multistage RI mol. Selecteta anassumptions for TTare presentein Exhibit 2.For the multistage mol, Castovforecasts TTCI’s ROE to higher thits long-term ROE for the first three years. Forecasteearnings per share anvin per share for TTare presentein Exhibit 3. Starting in Ye4, Castovforecasts TTCI’s ROE to revert to the constant long-term ROE of 12% annually. The terminvalue is baseon assumption thresiincome per share will constant from Ye3 into perpetuity. Beckworth questions Castovan’s assumption regarng the impliepersistenfactor usein the multistage RI valuation. She tells Castovthshe believes tha persistenfactor of 0.10 is appropriate for TTCI.Baseon Exhibits 2 an3 anthe multistage RI mol, Castovshoulestimate the intrinsic value of TTto closest to: A.€54.88 B.€83.01 C.€85.71 题目中说了关于终值的处理，说3年之后就按照永续不变了，我也是按照这个求解的“The terminvalue is baseon assumption thresiincome per share will constant from Ye3 into perpetuity.”但前面这个条件没有用到，“Starting in Ye4, Castovforecasts TTCI’s ROE to revert to the constant long-term ROE of 12% annually. ”，如果用这个ROE带入RI4的计算，得到的RI4结果并不等于3.47也就是永续的值

NO.PZ2023032701000064 问题如下 Castovan’s finassignment is to termine the intrinsic value of TTusing both a singlestage ana multistage RI mol. Selecteta anassumptions for TTare presentein Exhibit 2.For the multistage mol, Castovforecasts TTCI’s ROE to higher thits long-term ROE for the first three years. Forecasteearnings per share anvin per share for TTare presentein Exhibit 3. Starting in Ye4, Castovforecasts TTCI’s ROE to revert to the constant long-term ROE of 12% annually. The terminvalue is baseon assumption thresiincome per share will constant from Ye3 into perpetuity. Beckworth questions Castovan’s assumption regarng the impliepersistenfactor usein the multistage RI valuation. She tells Castovthshe believes tha persistenfactor of 0.10 is appropriate for TTCI.Baseon Exhibits 2 an3 anthe multistage RI mol, Castovshoulestimate the intrinsic value of TTto closest to: A.€54.88 B.€83.01 C.€85.71 0.1还是1？