CFALevelIIEquityValuation股票估值考试重点2025.docxVIP

CFALevelIIEquityValuation股票估值考试重点2025

考试时间：______分钟总分：______分姓名：______

PartI:ProblemSolving

1.Youareanalyzingacompanywiththefollowingdata:

*Nextexpecteddividend(D1)=$2.50pershare.

*Expectedgrowthrate(g)=6%peryear,indefinitely.

*Requiredrateofreturn(ks)=10%.

UsingtheconstantgrowthDDM(GordonGrowthModel),calculatetheintrinsicvalueofthestock.

2.Acompanyisexpectedtopaydividendsoverthenextthreeyearsasfollows:

*D1=$1.00pershare.

*D2=$1.20pershare.

*D3=$1.50pershare.

Aft