재무관리 3문제
- 최초 등록일
- 2022.08.24
- 최종 저작일
- 2022.04
- 1페이지/ MS 워드
- 가격 1,000원
목차
1. A firm pays a current dividend of $1, which is expected to grow at a rate of 5% indefinitely. If the current value of the firm’s shares is $35, what is the required return applicable to the investment based on the constant growth dividend discount model?
2. Xytex Products just paid a dividend of $1.62 per share, and the stock currently sells for $28. If the discount rate is 10 percent, what is the dividend growth rate?
3. Bill’s Bakery expects earnings per share of $2.56 next year. Current book value is $4.70 per share. The appropriate discount rate for Bill’s Bakery is 11 percent. Calculate the share price for Bill’s Bakery if earnings grow at 3 percent forever?
본문내용
1. A firm pays a current dividend of $1, which is expected to grow at a rate of 5% indefinitely. If the current value of the firm’s shares is $35, what is the required return applicable to the investment based on the constant growth dividend discount model?
K=[{D0*(1+g)}/p]+g
=[{1*(1+0.05)}/35]+0.05
=0.03+0.05
=8%
The required rate of return is 8%
참고 자료
없음