D1代表什么？

NO.PZ2023052407000008 问题如下 analyst observes the benchmark InNIFTY 50 stoinx trang a forwarprice-to-earnings ratio of 15. The inx’s expectevinpayout ratio in the next yeis 50 percent, anthe inx’s requirereturn is 7.50 percent. If the analyst believes ththe NIFTY 50 inx vin will grow a constant rate of 4.50 percent in the future, whiof the following statements is correct? A.The analyst shoulview the NIFTY 50 overprice B.The analyst shoulview the NIFTY 50 unrprice C.The analyst shoulview the NIFTY 50 fairly price B is correct. Using Equation 24, the previous input results in the following inequality:The above inequality implies ththe analyst shoulview the NIFTY 50 pricetoo low. The funmentinputs into the equation imply a forwarprito earnings ratio of 16.67 rather th15. alternative approato answering the question woulto solve for impliegrowth using the observeforwarprito earnings ratio of 15 ancompare this to the analyst’s growth expectations:Solving for g yiel a result of 4.1667 percent. Sinthe analyst expects higher NIFTY 50 vingrowth of 4.50 percent, the inx is vieweunrprice 这里应该是套用公式 (1+g)/ r-g 吧. 但我理解不了为何 \"The inx’s expectevinpayout ratio in the next yeis 50 percent\" 是等如 (1+g).

NO.PZ2023052407000008问题如下 analyst observes the benchmark InNIFTY 50 stoinx trang a forwarprice-to-earnings ratio of 15. The inx’s expectevinpayout ratio in the next yeis 50 percent, anthe inx’s requirereturn is 7.50 percent. If the analyst believes ththe NIFTY 50 inx vin will grow a constant rate of 4.50 percent in the future, whiof the following statements is correct? A.The analyst shoulview the NIFTY 50 overpriceB.The analyst shoulview the NIFTY 50 unrpriceC.The analyst shoulview the NIFTY 50 fairly price B is correct. Using Equation 24, the previous input results in the following inequality:The above inequality implies ththe analyst shoulview the NIFTY 50 pricetoo low. The funmentinputs into the equation imply a forwarprito earnings ratio of 16.67 rather th15. alternative approato answering the question woulto solve for impliegrowth using the observeforwarprito earnings ratio of 15 ancompare this to the analyst’s growth expectations:Solving for g yiel a result of 4.1667 percent. Sinthe analyst expects higher NIFTY 50 vingrowth of 4.50 percent, the inx is vieweunrprice 我计算出来了两个P/Eratio，但是如何去进行比较，然后分析出高估和低估了？

NO.PZ2023052407000008 问题如下 analyst observes the benchmark InNIFTY 50 stoinx trang a forwarprice-to-earnings ratio of 15. The inx’s expectevinpayout ratio in the next yeis 50 percent, anthe inx’s requirereturn is 7.50 percent. If the analyst believes ththe NIFTY 50 inx vin will grow a constant rate of 4.50 percent in the future, whiof the following statements is correct? A.The analyst shoulview the NIFTY 50 overprice B.The analyst shoulview the NIFTY 50 unrprice C.The analyst shoulview the NIFTY 50 fairly price B is correct. Using Equation 24, the previous input results in the following inequality:The above inequality implies ththe analyst shoulview the NIFTY 50 pricetoo low. The funmentinputs into the equation imply a forwarprito earnings ratio of 16.67 rather th15. alternative approato answering the question woulto solve for impliegrowth using the observeforwarprito earnings ratio of 15 ancompare this to the analyst’s growth expectations:Solving for g yiel a result of 4.1667 percent. Sinthe analyst expects higher NIFTY 50 vingrowth of 4.50 percent, the inx is vieweunrprice 按照PVt=t+1)/(r-g)算出来的PV是现值对吗？那么这里又写的是远期价格，怎么理解？计算出来的PV已经是折现到今年的吗

NO.PZ2023052407000008问题如下 analyst observes the benchmark InNIFTY 50 stoinx trang a forwarprice-to-earnings ratio of 15. The inx’s expectevinpayout ratio in the next yeis 50 percent, anthe inx’s requirereturn is 7.50 percent. If the analyst believes ththe NIFTY 50 inx vin will grow a constant rate of 4.50 percent in the future, whiof the following statements is correct? A.The analyst shoulview the NIFTY 50 overpriceB.The analyst shoulview the NIFTY 50 unrpriceC.The analyst shoulview the NIFTY 50 fairly price B is correct. Using Equation 24, the previous input results in the following inequality:The above inequality implies ththe analyst shoulview the NIFTY 50 pricetoo low. The funmentinputs into the equation imply a forwarprito earnings ratio of 16.67 rather th15. alternative approato answering the question woulto solve for impliegrowth using the observeforwarprito earnings ratio of 15 ancompare this to the analyst’s growth expectations:Solving for g yiel a result of 4.1667 percent. Sinthe analyst expects higher NIFTY 50 vingrowth of 4.50 percent, the inx is vieweunrprice 为什么有的时候要除百分号有的时候不用，什么时候除百分号什么时候不除？？？