NO.PZ201710200100000105
问题如下：
5. If the team uses the dividend discount model, the current intrinsic value of Company XYZ stock would be closest to:
选项：
A.US$19.58
B.US$20.36
C.US$21.54
解释：
C is correct.
The current value of XYZ stock would be calculated as follows:
V0 = [P3/(1 + r)3], where P3 = D4/(r – g).
Given D4 = 1.72, r = 10%, and g = 4%,
V0 = [1.72/(0.10 – 0.04)]/(1.10)3 = US$21.54.
the company is unlikely to pay dividends for the next three years. However, the team expects XYZ to pay an annual dividend of US$1.72 per share beginning four years from now.
不是 接下去三年没发div 第四年才发么
我的计算哪里有错
