1:为什么104.75乘以面值1000之后是1047.5？

why the priority of claims is not perfect? 中文翻译为为什么priority of claims没有被完美的执行？

C选项为什么错？

小于，打错了，因为Leading比Trailing就差一个分子的（1+g）？

这题是不是不用算啊？只要g>0,Leading就大于Training吧？

01.单选题 收藏 标记 纠错 A price earnings ratio that is derived from the Gordon growth model is inversely related to the: A Growth rate. B Dividend payout ratio. C Required rate of return. 查看解析 下一题 正确答案C 您的答案A本题平均正确率：60% Price multiples难度：一般 推荐：      答案解析 The justified forward P/E is calculated as follows: P0/E1=payout rate/(r-g) P/E is inversely related to the required rate of return, r, and directly related to the growth rate, g, and the dividend payout ratio, D/E. 问：哪里说用 forward了？为什么不是training？

老师你好，视频讲解中画的这个图的横轴和纵轴分别是什么。？感觉老师说的意思是纵轴是收益率，横轴是不同期限，不同期限的债券的收益率都是相同的变化量，请解释一下横纵轴，谢谢

13.单选题 已收藏 标记 纠错 Which of the following model is the best to use when valuing a voting dividend-paying company that is just entering the growth phase? A Gordon growth model. B Two-stage dividend discount model. C Three-stage dividend discount model. 查看解析 上一题 下一题 正确答案C 您的答案A本题平均正确率：43% DCF models难度：一般 推荐：      答案解析 The Gordon growth model is best suited to valuing mature companies. The two-stage model is best for companies that are transitioning from a growth stage to a mature stage. The three-stage model is appropriate for young companies just entering the growth phase. 问：“valuing a voting dividend-paying company”怎么翻译，题干是什么意思？

09.单选题 收藏 标记 纠错 Which of the following statements is least accurate? A A firm’s free cash flow to equity is significantly affected by the amount of dividends paid by the firm. B A firm’s free cash flow to equity is a measure of the firm’s dividend-paying capacity. C A firm’s free cash flow to equity increases with an increase in the firm’s net borrowing. 查看解析 上一题 下一题 正确答案A 您的答案C本题平均正确率：39% DCF models难度：一般 推荐：      答案解析 Dividends, a discretionary cash flow from financing activities, have no bearing on a firm’s free cash flow to equity, as can be seen from the formula: FCFE = CFO – FCInv + Net borrowing. 问：能否把FCFE 贴现估值的意思简单说说，股利贴现好理解，这个不太明白为什么可以拿来估值?

An analyst gathers the following data to determine the attractiveness of the company’s common stock: 这句话中的 attractiveness怎么翻译?