NO.PZ201710200100000205
问题如下:
5. Under Scenario 2 and based on Exhibit 2, Withers estimates that the value of the Venus Company stock to be closest to:
选项:
A. USD 69.73.
B. USD 71.03.
C. USD 72.98.
解释:
B is correct based on the present value of forecasted dividends. The dividend at the end of 2017, based on case material, is USD 3.15 per share.
这道题求2021年的Terminal Value的时候,为什么不是用2022年的dividend来算而是直接用了2021年的D?