罗斯企业的全部作品.doc

Chapter 09 How to Value Stocks ? Multiple Choice Questions? 1.?The stock valuation model that determines the current stock price by dividing the next annual dividend amount by the excess of the discount rate less the dividend growth rate is called the _____ model.?A.?zero growthB.?dividend growthC.?capital pricingD.?earnings capitalizationE.?differential growth ? 2.?Next years annual dividend divided by the current stock price is called the:?A.?yield to maturity.B.?total yield.C.?dividend yield.D.?capital gains yield.E.?earnings yield. ? 3.?The rate at which a stocks price is expected to appreciate (or depreciate) is called the _____ yield.?A.?currentB.?totalC.?dividendD.?capital gainsE.?earnings ? 4.?A form of equity which receives no preferential treatment in either the payment of dividends or in bankruptcy distributions is called _____ stock.?A.?dual classB.?cumulativeC.?deferredD.?preferredE.?common ? 5.?Payments made by a corporation to its shareholders, in the form of either cash, stock or payments in kind, are called:?A.?retained earnings.B.?net income.C.?dividends.D.?redistributions.E.?infused equity. ? 6.?The constant dividend growth model is:?A.?generally used in practice because most stocks have a constant growth rate.B.?generally used in practice because the historical growth rate of most stocks is constant.C.?generally not used in practice because most stocks grow at a non constant rate.D.?generally not used in practice because the constant growth rate is usually higher than the required rate of return.E.?based on the assumption Dow 30 represents a good estimate of the market index. ? 7.?The constant dividend growth model:I. assumes that dividends increase at a constant rate forever.II. can be used to compute a stock price at any point of time.III. states that the market price of a stock is only affected by the amount of the dividend.IV. considers capital gains but ignores the dividend yield.?A.?I onlyB.?II only