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标题: A QUESTION FROM MOCK [打印本页]

作者: dole 时间: 2009-5-15 10:18 标题: A QUESTION FROM MOCK

10% rate of interest on newly issued bonds,

7% growth rate in earning and dividends,

last dividend paid was 0.93,

share price 16 ,

use DDM , what is R ?

I use p=d/(r-g) is not right ,

seems I should use P= d*(1-g)/(r-g) P=D*(2-g)/(r-g) ,

not sure when should i use the second fomular and when should i use the first one ?

THANKS

[此贴子已经被作者于2009-5-15 10:20:01编辑过]

作者: zyystein 时间: 2009-5-15 13:22

P0=16,D1=0.93×（1+7%）×（1+7%）=1.065

这样算R吧，

作者: arays 时间: 2009-5-15 18:36

为什么要用1-g啊？

last dividend就是D0=0.93，那么D1=0.93*（1+0.07）

R=D1/P0+g=13.2%

对吗？

作者: arabdopsis 时间: 2009-5-15 23:48

I agree with arays

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