以下是引用wzaina在2009-3-9 9:35:00的发言:
LOS p: Illustrate the use of spreadsheet modeling to forecast dividends and value common shares.
Q1. Financial models such as the DDM represent a cornerstone of equity valuation from an academic standpoint. But in the real life, many analysts do not use the DDM. The least likely reason for this is:
A) modern research has shown that many of the old standbys do not work.
B) some of the assumptions required are impractical.
C) the model lacks the flexibility required to model values in the real world.
Q2. Relative to traditional financial models like the dividend discount model, the biggest advantage of spreadsheet modeling is:
A) accuracy of computations.
B) quantity of computations.
C) simplicity of computations.
Q3. Which of the following actions will be least helpful for an analyst attempting to improve the predictive power of his scenario analysis?
A) Acquiring more precise inputs.
B) Using a spreadsheet rather than a calculator.
C) Limiting deviations from the core model.
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