罗同学2021-10-26 01:41:55
罗同学Equity case 5，这两题百题没提供答案，答案是什么呢？
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开开2021-10-26 13:13:30
开开同学你好，抱歉xian。这两题的答案分别是：
4.Solution: B.
B is correct. Jatin is correct with respect to Statement 1 only. The H-model is a variant of the two-stage model in which growth begins at a high rate and declines linearly throughout the supernormal growth period until it reaches a normal growth rate at the end. A smoother transition to the mature phase growth rate would be more realistic than the erratic growth rate in dividends displayed by the data.
A is incorrect. With an increase in leverage, FCFE will increase in the year debt is issued, not decrease.
C is incorrect. The FCFE model explicitly recognizes the company’s investment and financing policies as well as its dividend policy.
5.Solution: C.
C is correct. Lederman is correct with respect to Statement 2 only. The Pastor–Stambaugh model adds a liquidity premium as a fourth factor to the Fama–French model and thus helps make an adjustment for the liquidity concerns surrounding the stock.
A is incorrect. The accounting data used in residual
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目前网校上的答案已更正，同学可以去下载查看，谢谢。
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老师第五题solution剩下部分可以继续粘贴吗？the accounting data used in residual.....
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Solution: C.
C is correct. Lederman is correct with respect to Statement 2 only. The Pastor–Stambaugh model adds a liquidity premium as a fourth factor to the Fama–French model and thus helps make an adjustment for the liquidity concerns surrounding the stock.
A is incorrect. The accounting data used in residual income models may require significant adjustments.
B is incorrect. CRN is a high-beta stock, and with Blume adjustment the adjusted beta will be smaller than its unadjusted counterpart; thus, the required return on the stock will decrease, not increase.
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