NO.PZ2018103102000090
问题如下:
Matt has evaluating the value of Company M of $20 per share by using the two stage model. The company has paid a dividend of $1 per share for the most recent year. The relative highly growth rate is 5% over the first three years. The required rate of return is 8% What`s the long-term growth rate?
选项:
A.2.00%
B.2.51%
C.3.00%
解释:
B is correct.
考点:Two Stage Model
解析:根据公式:
求得gL = 2.51%
老师好,
在做这道题的时候,唯一让我不知道的就是D0是什么。在我看来,“The company has paid a dividend of $1 per share for the most recent year.”这句话把我看懵了,不知道most recent year是什么时候,但觉得不应该是D0,因为D0应该是most original period.
麻烦老师帮忙解释下,谢谢。