公司理财9分析和总结.pdf

Chapter 09 - Stock Valuation 6. The constant dividend growth model is: 1. The stock valuation model that determines the A. generally used in practice because most stocks current stock price by dividing the next annual have a constant growth rate. dividend amount by the excess of the discount rate less B. generally used in practice because the historical the dividend growth rate is called the _____ model. growth rate of most stocks is constant. A. zero growth C. generally not used in practice because most stocks B. dividend growth grow at a non constant rate. C. capital pricing D. generally not used in practice because the constant D. earnings capitalization growth rate is usually higher than the required rate of E. differential growth return. E. based on the assumption Dow 30 represents a good estimate of the market index. 2. Next years annual dividend divided by the current stock price is called the: A. yield to maturity. 7. The constant dividend growth model: B. total yield. I. assumes that dividends increase at a constant rate C. dividend yield. forever. D. capital gains yield. II. can be used to compute a stock price at any point of E. earnings yield. time.