谢同学2022-12-09 13:03:24

原版书 Module 2 Discounted Dividend Valuation的EXAMPLE 16 Valuing a Stock with the H-Model 第二问及答案没看懂。2. Estimate the value of the company’s shares if its normal growth period began immediately. Solution: If the company experienced normal growth starting now, its estimated value would be the first component of the H-model estimate, €46 (=1.84/0.04). The faster initial growth assumption adds €6.75 (=0.27/0.04) to its value, resulting in an estimated value of €52.75 per share. 请老师讲解，谢谢！