NO.PZ2025041801000020
问题如下：
Question Which of the following DDM models is most appropriate for valuing a company with a high initial dividend growth rate that is expected to steadily decline to a perpetual growth rate?选项：
A.A.The H–model B.B.The general two-stage model C.C.The general three-stage model解释：
- explain the assumptions and justify the selection of the two-stage DDM, the H-model, the three-stage DDM, or spreadsheet modeling to value a company’s common shares
基础班讲义介绍了transition phase定义，也归纳在适用于两阶段
