单选题
An analyst gathers the following data about a company:
Using the dividend discount model, the company"s dividend payout ratio is closest to:
| stock price | $40 |
| stock"s required return | 12% |
| consensus estimate of next year"s dividend | $2 |
| company"s return on equity | 10% |
【正确答案】
B
【答案解析】[解析] 根据无限期的股息贴现模型(DDM)，有：
即
即