[CFA level 1模拟真题]Version 3 Questions－Q43 earned, company, expected, face

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Q43. Davis Company, Inc. (DCI) earned $5 a share last year and paid dividend of $2 a share. The company is expected to grow by 8 percent annually and continue its payout ratio for the foreseeable future. An investor with an 11 percent required return expects to sell the stock at $75 two years froth now. The maximum amount that an investor should be willing to pay for DCI stock today is closest to:

A. $58.68

B. $64.71

C $66.67

D. $70.47

[此贴子已经被作者于2007-10-29 20:02:37编辑过]

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答案和详解如下：

Q43.  B Study Session 14-59-c

The holding period is two years. The value of the stock.

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2007-10-30 09:32

vivian1022

b

水模样

d

jessicanyc

b

LEEFEI571

B

denker5781

?

technet

b

ondesert

b

stonede

kk