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remoo · 2019年12月10日

问一道题：NO.PZ2018062002000161

  1. CFA I
  2. Equity

问题如下：

Which of the following statement is most accurate about the present value model?

选项：

A.

The present value model can only be used when the stock pays dividends or is expected to pay dividends

B.

The present value model can only be used when the stock pays dividends.

C.

Present value models can be applied for stocks paying a dividend presently, are not expected to pay a dividend, or are expected to pay a dividend.

解释：

C is correct.

The dividend discount model can be used for a stock that pays the current dividend or the stock that is expected to pay dividends. FCFE can be used for stocks that do not or not expect to,pay dividends in the near future.

老师，这个知识点在哪儿，全篇讲了DDM和GGM都是围绕Div进行的啊……

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1 个答案

maggie_品职助教 · 2019年12月11日

请看下讲义200页，折现模型分为红利折现模型或自由现金流折现模型，他们都是

present value model，只不过折的现金流不同。如果一家公司不分红，那么我们就没法使用DDM，此时可以用FCFF。




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2024-04-13 15:31 2 · 回答

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2020-08-31 06:46 1 · 回答

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2020-07-19 12:21 1 · 回答

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2020-05-03 02:28 1 · 回答

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2020-03-17 07:01 1 · 回答