Olivia.W🌸 · 2024年05月03日
NO.PZ2023040301000144
问题如下：
An investor evaluating a company's common stock for investment has gathered the following data.
The value per share of this common stock is closest to:
选项：
A.
$28.57
B.
$31.57
C.
$38.7
解释：
Current year's dividend per share =$2.50x0.6=$1.50
V=1.50(1.25)/1.12+1.50(1.25)2/1.122+1.50(1.25)2(1.05)/(0.12-0.05)}/1.122 = $1.67+$1.87+ 28.03 =$31.57
除了dividend，t0的2.5不增长么？
王园圆_品职助教 · 2024年05月03日
同学你好，你是问零时刻的EPS是不是也会增长吗？
这个不在DDM计算需要考量的范围内哦，DDM和GGM估值，只需要公司的分红按照g的速度永续增长即可，至于EPS如何增长，是不是增长，并不是直接的考量因素，所以你这个问题和计算本题答案是没有什么关系的哦
当然，如果一个公司想要健康的，永续的稳健的提供增长的分红，那NI或EPS也是需要健康的持续的增长的，且在一级这里当g=ROE*b公式成立的时候，其实默认EPS也是按照g的速度进行增长的——但是这部分g=ROE*b的具体条件和知识点，是二级的考察内容，和一级的知识点无关，同学简单知道一下即可。
NO.PZ2023040301000144问题如下 investor evaluating a company's common stofor investment hgatherethe following ta.The value per share of this common stois closest to: A.$28.57B.$31.57C.$38.7 Current year's vinper share =$2.50x0.6=$1.50V=1.50(1.25)/1.12+1.50(1.25)2/1.122+1.50(1.25)2(1.05)/(0.12-0.05)}/1.122 = $1.67+$1.87+ 28.03 =$31.57 current year不是t0吗？怎么是t1？
NO.PZ2023040301000144 问题如下 investor evaluating a company's common stofor investment hgatherethe following ta.The value per share of this common stois closest to: A.$28.57 B.$31.57 C.$38.7 Current year's vinper share =$2.50x0.6=$1.50V=1.50(1.25)/1.12+1.50(1.25)2/1.122+1.50(1.25)2(1.05)/(0.12-0.05)}/1.122 = $1.67+$1.87+ 28.03 =$31.57 这题能用计算器吗
NO.PZ2023040301000144 问题如下 investor evaluating a company's common stofor investment hgatherethe following ta.The value per share of this common stois closest to: A.$28.57 B.$31.57 C.$38.7 Current year's vinper share =$2.50x0.6=$1.50V=1.50(1.25)/1.12+1.50(1.25)2/1.122+1.50(1.25)2(1.05)/(0.12-0.05)}/1.122 = $1.67+$1.87+ 28.03 =$31.57 在第二阶段，我用1.87*1.05/0.07=28.05为什么和标答相差了0.02呢
NO.PZ2023040301000144 问题如下 investor evaluating a company's common stofor investment hgatherethe following ta.The value per share of this common stois closest to: A.$28.57 B.$31.57 C.$38.7 Current year's vinper share =$2.50x0.6=$1.50V=1.50(1.25)/1.12+1.50(1.25)2/1.122+1.50(1.25)2(1.05)/(0.12-0.05)}/1.122 = $1.67+$1.87+ 28.03 =$31.57 为什么不是直接等于1.5（1+25%)^2
