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needabroom · 2020年01月30日

问一道题:NO.PZ2018103102000102

问题如下:

Matt is valuing company M by using RI model and has collected relevant information in the following table. What`s the implied growth rate of earnings for Company M according to the single-stage residual income model?

选项:

A.

2.75%

B.

7.67%

C.

14.65%

解释:

B is correct.

考点:Single Stage Residual Income Valuation

解析:V0=B0+(ROE-r)/(r-g)*B0

      B0 = 50/2.5 = $20

      50=20+(17.5%-11.6%)/(11.6%-g)*20

      求得g = 7.67%

我是用P/B = (ROE-g)/(re-g)计算的可以吗?答案是一样的。计算更简单些。

1 个答案

maggie_品职助教 · 2020年02月06日

可以的。加油。