请教大家一道Level 2 SchweserNotes Book4的课后练习题(Study Session 12的Discounted Dividend Valuation)。
An investor buys a stock he determines to be underpriced in the market. He estimates the required rate of return on the stock to be 14%. if he expects that the stock will be underpriced at the end of the year, the expected holding-period return :
A. is greater than 14%
B. is less than 14%
C.could be less than, equal to, or greater than 14%
答案的解释不太明白。请大家帮帮忙吧。多谢啦。
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