问题如下:
2. Which of Castovan’s reasons best justifies the use of a residual income model to value PTU?
选项:
A.Reason 1
B.Reason 2
C.Reason 3
解释:
A is correct.
Dividend payments are forecasted to be unpredictable over Castovan’s fiveyear forecast horizon. A residual income model is appropriate when a company does not pay dividends or when its dividends are not predictable, which is the case for PTU.
分红不稳定的话自由现金流不是也可行吗?所以1不能说明RI比较好啊,只能说明DDM不合适吧??