[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]

qrotion

thanks for sharing

xxjj564

 a

jiguobiao

a

johnheman

hi

belindade

 Ye!

belindade

 答案?

duo1115

ssee

qiangwei

3

elea0930

b