2025年CFA二级考试权益投资真题分析.docxVIP

2025年CFA二级考试权益投资真题分析

考试时间：______分钟总分：______分姓名：______

SectionA

Youareanalyzingastockthatcurrentlytradesat$75pershare.Thecompanyisexpectedtopayadividendof$3.00persharenextyear(D1).Thedividendisexpectedtogrowataconstantrateof5%peryearforever.Thecompanysbetais1.2,themarketriskpremiumis6%,andtherisk-freerateis3%.

Required:

1.CalculatethecompanysrequiredrateofreturnusingtheCapitalAssetPricingModel(CAPM).

2.CalculatethecompanysintrinsicvalueusingtheDividendDiscountModel(GordonGrowthModel).

3.Basedonyo