2025年CFALevelIIEquityValuation股票估值计算冲刺押题卷.docxVIP

2025年CFALevelIIEquityValuation股票估值计算冲刺押题卷

考试时间：______分钟总分：______分姓名：______

试卷开始

1.YouareanalyzingthestockofBetaCorp.Thecompanyjustpaidadividendof$2.00(D0).Analystsexpectdividendstogrowatarateof8%peryearforthenext3years,andthengrowataconstantrateof4%peryearindefinitely.BetaCorpsrequiredrateofreturnis12%.

a.Calculatetheexpecteddividendfornextyear(D1).

b.Calculatetheexpecteddividendforyear3(D3).

c.Usingthedividenddiscountmodel(DDM),calculatetheintrinsicvalueofBetaCorpsstocktoday(P0)assuming