问题如下:
1. Which of the following is closest to Rae’s estimate of the stock’s value?
选项:
A. $10.08.
B. $10.54.
C. $10.62.
解释:
C is correct.
Using the Gordon growth model,
$$V_0=\frac{D_1}{r-g}=\frac{0.59(1+0.0530)}{0.1115-0.0530}=\$10.62$$
为什么04-07年的数据不用折现算?