想问一下这个g为什么不是eps的增长率呢

NO.PZ2023032701000014问题如下 Ris Using GGM to value Tasty Foo.Rnotes ththe EPS of the company hbeen increasing average rate of 4.48 percent per year. The vinpayout ratio hremainefairly stable of 50%, anaverage ROE of 10.6%.Ruses the CAPM to compute the return on equity. He uses the annuyielof 4 percent on the 10-yeTreasury bonthe risk-free return. He estimates the expecteUS equity risk premium, with the S P 500 Inx usea proxy for the market, to 6.5 percent per year. The estimatebeta of Tasty Foo against the S P 500 Inx is 1.10.The stock’s current priis $8.42Last yevinper share is 0.59$/S.Rconsirs a security trang within a banof ±10 percent of his estimate of intrinsic value to within a “fair value range.” thcriterion, the stoof Tasty Foo is: A.unrvalue.fairly value.Overvalue G=ROE*b=10.6%*50%=5.3%Using CAPM to estimate requirerate of return=0.04 + 1.10(0.065) = 0.1115 or 11.15 percent.Using the Gorn Growth Mol, Rae’s estimate of the intrinsic value is $10.62. So, the banRis looking is $10.62 ± 0.10($10.62), whiruns from $10.62 + $1.06 = $11.68 on the upsi to $10.62 -$1.06 = $9.56 on the wnsi. Because $8.42 is below $9.56, Rwoulconsir Tasty Foo to unrvalue EPS增长率4.48% 为什么和算的的g不同？

NO.PZ2023032701000014 问题如下 Ris Using GGM to value Tasty Foo.Rnotes ththe EPS of the company hbeen increasing average rate of 4.48 percent per year. The vinpayout ratio hremainefairly stable of 50%, anaverage ROE of 10.6%.Ruses the CAPM to compute the return on equity. He uses the annuyielof 4 percent on the 10-yeTreasury bonthe risk-free return. He estimates the expecteUS equity risk premium, with the S P 500 Inx usea proxy for the market, to 6.5 percent per year. The estimatebeta of Tasty Foo against the S P 500 Inx is 1.10.The stock’s current priis $8.42Last yevinper share is 0.59$/S.Rconsirs a security trang within a banof ±10 percent of his estimate of intrinsic value to within a “fair value range.” thcriterion, the stoof Tasty Foo is: A.unrvalue B.fairly value C.Overvalue G=ROE*b=10.6%*50%=5.3%Using CAPM to estimate requirerate of return=0.04 + 1.10(0.065) = 0.1115 or 11.15 percent.Using the Gorn Growth Mol, Rae’s estimate of the intrinsic value is $10.62. So, the banRis looking is $10.62 ± 0.10($10.62), whiruns from $10.62 + $1.06 = $11.68 on the upsi to $10.62 -$1.06 = $9.56 on the wnsi. Because $8.42 is below $9.56, Rwoulconsir Tasty Foo to unrvalue 题目说了去年的分红是0.59，算（明年的分红）应该是0.59*1.053的平方才对吧？

NO.PZ2023032701000014 问题如下 Ris Using GGM to value Tasty Foo.Rnotes ththe EPS of the company hbeen increasing average rate of 4.48 percent per year. The vinpayout ratio hremainefairly stable of 50%, anaverage ROE of 10.6%.Ruses the CAPM to compute the return on equity. He uses the annuyielof 4 percent on the 10-yeTreasury bonthe risk-free return. He estimates the expecteUS equity risk premium, with the S P 500 Inx usea proxy for the market, to 6.5 percent per year. The estimatebeta of Tasty Foo against the S P 500 Inx is 1.10.The stock’s current priis $8.42Last yevinper share is 0.59$/S.Rconsirs a security trang within a banof ±10 percent of his estimate of intrinsic value to within a “fair value range.” thcriterion, the stoof Tasty Foo is: A.unrvalue B.fairly value C.Overvalue G=ROE*b=10.6%*50%=5.3%Using CAPM to estimate requirerate of return=0.04 + 1.10(0.065) = 0.1115 or 11.15 percent.Using the Gorn Growth Mol, Rae’s estimate of the intrinsic value is $10.62. So, the banRis looking is $10.62 ± 0.10($10.62), whiruns from $10.62 + $1.06 = $11.68 on the upsi to $10.62 -$1.06 = $9.56 on the wnsi. Because $8.42 is below $9.56, Rwoulconsir Tasty Foo to unrvalue “estimates the expecteUS equity risk premium, with the S P 500 Inx usea proxy for the market, to 6.5 percent per year” 该表述中的6.5%为何直接可理解为Rm-Rf 的结果，而非等同于Rm?

NO.PZ2023032701000014问题如下 Ris Using GGM to value Tasty Foo.Rnotes ththe EPS of the company hbeen increasing average rate of 4.48 percent per year. The vinpayout ratio hremainefairly stable of 50%, anaverage ROE of 10.6%.Ruses the CAPM to compute the return on equity. He uses the annuyielof 4 percent on the 10-yeTreasury bonthe risk-free return. He estimates the expecteUS equity risk premium, with the S P 500 Inx usea proxy for the market, to 6.5 percent per year. The estimatebeta of Tasty Foo against the S P 500 Inx is 1.10.The stock’s current priis $8.42Last yevinper share is 0.59$/S.Rconsirs a security trang within a banof ±10 percent of his estimate of intrinsic value to within a “fair value range.” thcriterion, the stoof Tasty Foo is: A.unrvalue.fairly value.Overvalue G=ROE*b=10.6%*50%=5.3%Using CAPM to estimate requirerate of return=0.04 + 1.10(0.065) = 0.1115 or 11.15 percent.Using the Gorn Growth Mol, Rae’s estimate of the intrinsic value is $10.62. So, the banRis looking is $10.62 ± 0.10($10.62), whiruns from $10.62 + $1.06 = $11.68 on the upsi to $10.62 -$1.06 = $9.56 on the wnsi. Because $8.42 is below $9.56, Rwoulconsir Tasty Foo to unrvalue 这道题的高估低估和我理解的方向是一致的，计算出来的或者说预期的或应该的价格是9.56-10.62，目前市场上实际价格是8.42，所以应该至少是9.56但是没有达到，是价格被低估了。但是我无法理解上课讲的implieg和estimateg的高估和低估，上课举的例子implieg应该的（预期的）是10%，estimateg实际的是15%，结论是低估。我的理解是实际的g高于了应该的或预期，同这道题价格的判断方法一样，不应该是高估吗？