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Equity Valuation---Schweser-Mistake or Correct?
Does any else have a problem with the following questions in Schweser 2010 book 4?
Page 225
Questions 16, 17 and 26.
I have a problem with the solutions provided.
16. Assume that a stock is expected to pay dividends at the end of year 1 and year 2 of $1.25 and $1.56 respectively. Dividends are expected to grow at the rate of 5% thereafter.
Assuming that Ke is 11%, the value of the stock is closest to which of the following?
A. $22.3
B. $23.42
C. $24.55
17 and 26 are also similar, check them out and lemme hav your thoughts please |
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发表于 2011-7-11 17:41
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