李同学2019-05-30 11:30:59

Astonishing Inc. distributed a dividend of $2 at the end of 2016 year. At the beginning of 2017, an analyst determines that the dividend will grow at 10% per year for the next two years. After two years, growth rate will decline to 5% and remain constant. Assume the required rate of return is 20%, what is the value of this stock A $14.71. B $15.28. C $20.45. 在实际做题中，我把CF0=D0=2.2也算入到计算器中，想了解为什么答案解析中不包含D0=2.2，因为我理解的题意是 $2 at the end of 2016 year即为CF0=D0