ABF305 Investment Management
Term 1, Workshop 2
ABF305投资管理
第1学期,研讨会2
Questions to be done during the workshops.
Question 1
问题1
For your group assignment you were asked to determine the intrinsic value for Diva Incorporated. Now perform a sensitivity analysis to demonstrate how this value changes. Recalculate Diva’s intrinsic value for each of the following scenarios. Treat each scenario independently.
对于你们的团队作业,要求你确定Diva Incorporated公司的内在价值。现在进行敏感度分析,以证明此值如何变化。在以下情况下重新计算女神的内在价值。独立地对待每一个场景。
Part a:
The ROE in the constant-growth period is 12.5%.
A部分:
恒定增长期的净资产收益率是12.5%。
Part b:
Diva’s actual beta is 1.0
B部分:
Diva的实际测试1.0
Part c:
The market risk premium is 7.5%.
C部分:
市场风险溢价为7.5%。
Question 2
In what circumstances is it most important to use multistage dividend discount models rather than constant-growth models?
问题2
是在什么情况下最重要的是使用多阶段股利折现模型,而不是不变增长模型?
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