李同学2019-03-07 13:18:44

04.单选题 收藏 标记 纠错 An investor is considering the purchase of a common stock with a $2.00 annual dividend. The dividend is expected to grow at a rate of 4 percent annually. If the investor's required rate of return is 7 percent, the intrinsic value of the stock is closest to: A $50.00. B $66.67. C $69.33. 查看解析 上一题 下一题 正确答案C 您的答案C本题平均正确率：71% DCF models难度：一般 推荐：      答案解析 According to the Gordon growth model V0=2*1.04/(0.07-0.04)= $69.33 问：“common stock with a $2.00 annual dividend”题目中说每年都是2美元的股息，可以D1又要乘一个增长率g，这不是矛盾了吗？ 想知道公司每年都是分红2美元，还是随着公司的发展 即g，把更多的股利每年发给投资者，但是为什么还写annual？