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gloria611 · 2020年07月12日

问一道题:NO.PZ201512300100001001

* 问题详情,请 查看题干

问题如下:

1. Which of the following long-term FCFE growth rates is most consistent with the facts and stated policies of Emerald?

选项:

A.

5 percent or lower.

B.

2 percent or higher.

C.

8 percent or higher.

解释:

C is correct.

The sustainable growth rate is return on equity (ROE) multiplied by the retention ratio. ROE is 10 percent, and the retention ratio is 1-Payout ratio, or 1.0- 0.2 = 0.8. The sustainable growth rate is 0.8 × 10% = 8%. FCFE growth should be at least 8 percent per year in the long term.

老师好,我记得基础班讲过FCFF和FCFE用的g是不一样的。这道题里计算fcfe的g是用:The sustainable growth rate is return on equity (ROE) multiplied by the retention ratio。那计算fcff的g应该怎么算呢?

1 个答案

Debrah_品职答疑助手 · 2020年07月13日

同学你好,FCFF和FCFE的增长率确实是不同的,但是考试会直接分别给出这两个增长率分别是多少,不需要掌握计算。