刘同学2019-04-25 16:56:19

An investor gathers the following data. To estimate the stock's justified forward P/E, the investor prefers to use: The earnings growth rate rather than the dividends growth rate and The average of the payout ratios over the relevant period, in this case 2010-2013, rather the most recent payout ratio. The yield on 10-year T-notes is 3 percent and the current equity risk premium is 6.5 percent. If beta is 1.3, then the stock's justified forward P/E is closest to: 您好，这道题我看了答案解析，从2010-2013年 计算增长，为什么不是4次方而是3次方，这个点是我不理解的地方，