43．To estimate the required rate of return for the dividend discount model, the least appropriate input is:
Select exactly 1 answers from the following:
A. a risk premium.
B. the expected rate of inflation.
C. the growth rate of earnings and dividends.
D. the economy's real risk-free rate of return.
答案和详解如下！
Feedback: Correct answer: C Investment Analysis and Portfolio Management, 7th edition, Frank K. Reilly and Keith C. Brown (South-Western, 2003), pp. 393?94 2006 Modular Level I, Vol. III, pp. 370-371 Study Session 13-55-e explain the components of an investor抯 required rate of return (i.e., the real risk-free rate, the expected rate of inflation, and a risk premium) and discuss the risk factors to be assessed in determining a country risk premium for use in estimating the required return for foreign securities
The growth rate of earnings and dividends is not used to estimate the required rate of return for the dividend discount model.
[此贴子已经被作者于2006-11-23 7:59:03编辑过] | 
发表于 2006-11-22 11:05
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