chap09黄卓公司金融学.pdfVIP

Chapter 9 第9章 Stock Valuation 股票估值 Key Concepts and Skills 本章要求  Understand how stock prices depend on future dividends and dividend growth 理解股票价格是如何依赖于未来股利和股利的增长的  Be able to compute stock prices using the dividend growth model （DGM ） 能够用股利增长模型计算股票价格  Understand how growth opportunities affect stock values 理解增长机会是如何影响股票价格的  Understand the PE ratio 理解市盈率  Understand how stock markets work 理解股票市场是如何运作 9-1 Chapter Outline 本章内容 9.1 The Present Value of Common Sto