标题: Equity: RI: formula for single stage model [打印本页] 作者: JonnyKay 时间: 2011-7-11 19:20 标题: Equity: RI: formula for single stage model
P0=B0+(ROE-r)/(r-g),
why here not use : P0=B0+B0*(ROE-r)*(1+g)/(r-g)
if DDM model always multiply div at time zero by (1+g), why here we don't? Thanks.作者: President1988 时间: 2011-7-11 19:20
bcos B0 * ROE = Next period earnings... E1
and E1 * b = D1
CP作者: stalkey 时间: 2011-7-11 19:20
very clear now, thanks.
cpk123 Wrote:
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> bcos B0 * ROE = Next period earnings... E1
> and E1 * b = D1
