NO.PZ2018103102000041
问题如下：
Steve is considering adding TMT Inc. in his portfolio. One of his colleagues Alan who also interested in TMT suggested that the stock’s current market price of $30.79 is equal to the fair value of the stock. What is the implied growth rate of dividends given the stock’s market price? Given the required return on equity is 9.8% and the company’s last dividend payment is $1.45 per share.
选项：
A. 6.44%.
B. 4.86%.
C. 7.32%.
解释：
B is correct.
考点：DDM,The Gordon Growth Model Equation The & Implied Dividend Growth Rate
解析：B是正确的。如果公司的内在价值等于当前市价30.79，那么使用戈登增长模型反推隐含增长率：V0=D1/r-g
(9.8%-g)30.79=1.45(1+g)
g=4.86%
如题 谢谢。 就是求要求回报率那个公式
