天堂之歌

听歌而来,送我踏青云〜

您现在的坐在位置:首页>智汇问答>CFA一级

刘同学2018-05-24 10:22:48

An analyst is attempting to value shares of the Dominion Company. The company has just paid a dividend of $0.58 per share. Dividends are expected to grow by 20 percent next year and 15 percent the year after that. From the third year onward, dividends are expected to grow at 5.6 percent per year indefinitely. If the required rate of return is 8.3 percent, the intrinsic value of the stock is closest to: A $26.00. B $27.00. C $28.00. 我用计算器算的怎么是25.08 cf0=0 c01=0.58 c02=0.7 c03=0.8 c04=0.8+31.29=32.09 i/y=8.3 cpt npv=25.08

查看试题

回答(1)

Evian, CFA2018-05-24 10:51:46

同学你好,$0.58是刚刚发过的Dividend,不算在折现里;题目给的数据不能直接用计算器的CF功能直接计算;计算过程如下图

  • 评论(0
  • 追问(0
评论

精品推荐

评论

0/1000

追答

0/1000

+上传图片

    400-700-9596
    (每日9:00-21:00免长途费 )

    ©2024金程网校保留所有权利

    X

    注册金程网校

    验证码

    同意金程的《用户协议》
    直接登录:

    已有账号登录