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
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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
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