算不出正确答案？1.45（1+g）=30.70（9.8-g），g=9.314%

问题如下：

Steve is considering adding TMT Inc. in his portfolio. One of his colleagues Alan who also interested in TMT suggested that the stock’s current market price of $30.79 is equal to the fair value of the stock. What is the implied growth rate of dividends given the stock’s market price? Given the required return on equity is 9.8% and the company’s last dividend payment is $1.45 per share.

选项：

A.

6.44%.

B.

4.86%.

C.

7.32%.

解释：

B is correct.

考点：DDM,The Gordon Growth Model Equation The & Implied Dividend Growth Rate

解析：B是正确的。如果公司的内在价值等于当前市价30.79，那么使用戈登增长模型反推隐含增长率：V0=D1/r-g

(9.8%-g)30.79=1.45(1+g)

g=4.86%