问题如下:
An analyst has estimated that a stock will sell for $38 at year-end and may pay a $2 dividend next year. What's the value of the stock if the required rate of return is 20% ?
选项:
A.$36.66.
B.$33.33.
C.$43.33.
解释:
B is correct.
($2+ $38) / 1.20 = $33.33
为什么可以用required return当作折现率算PV?