NO.PZ202504180100011701
问题如下：
In Sonberg’s comparison of the residual income and dividend discount models, which of her statements is least accurate?选项：
A.A.Statement 1 B.B.Statement 2 C.C.Statement 3解释：
- compare residual income models to dividend discount and free cash flow models
Statement 2: The residual income model has more of its value determined in the current time period, whereas the dividend discount model has more of its value determined in later periods.
基础课说过RI本质上也是DDM，两者在确认价值的时间点上是应该是没差异的，所以个人认为2是错的
Statement 3: The residual income model makes assumptions about future earnings and dividend growth, whereas the dividend discount model makes assumptions only about dividend growth. DDM假设是分红大小与分红能力匹配，满足该假设的dividend growth是已经体现future earnings，所以计算中的确不需要再考虑dividend growth，不懂错在哪
