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wyrw · 2025年06月18日

本题求详细解题过程

NO.PZ2025041801000030

问题如下:

Question

The analyst considers a security trading within a band of +/– 10% of her estimate of intrinsic value to be fairly valued. If the required return is 15%, the common stock is:

An analyst gathers the following information about a company's common stock:

选项:

A.A.undervalued. B.B.fairly valued. C.C.overvalued.

解释:

  • evaluate whether a stock is overvalued, fairly valued, or undervalued by the market based on a DDM estimate of value

详细解题过程

1 个答案

王园圆_品职助教 · 2025年06月19日

同学你好,题目说了分红是declines linearly的,所以适用H model

D0 = 2

Gl = 5%

Gs = 20%

H = t/2 = 8/2=4

r =15%

所以V=【2*1.05+ 2*4*(0.2-0.05)】/(0.15-0.05)=33


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