单选题
An analyst gathered the following information about Fallow Corporation
A、
Current dividend (DO) per share
B、
$ 1.00
C、
Required rate return
D、
15.0%
E、
Expected annual growth rate for next two years
F、
20.0%
G、
Expected annual growth rate for year three and thereafter
H、
5.0%
【正确答案】
C
【答案解析】
Terminal value of the stock: $1.51/0.10=$15.10 Present value of dividends and terminal value: $1.043+$1.069+$11.418=$13.55
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