问题如下：
2. Based on Company B’s characteristics, which of the following valuation models is most appropriate for valuing that company?
选项：
Sum of the parts
C.Dividend discount
解释：
B is correct. This valuation model would be consistent with the characteristics of the company. Company B is a conglomerate operating in three unrelated industries with significantly different expected revenue growth rates. The sum-of-the-parts valuation model sums the estimated values of each of the company’s businesses as if each business were an independent going concern. Sum-of-the-parts analysis is most useful when valuing a company with segments in different industries that have different valuation characteristics.
老师好 company X pays a regular dividend 为什么不能用DDM？谢谢。
