KeynesYang · 2020年01月19日
* 问题详情，请 查看题干
问题如下：
7. Which of the following models is most appropriate for valuing HLTV?
选项：
A.H-model
B.Three-stage DDM
C.Gordon growth model
解释：
B is correct
because HLTV is forecast to have three growth stages: the growth phase (2 years at 27%), the transition phase (10 years at 12%), and the mature phase. Because the earnings growth has three stages and the dividend payoutratio is stable, a three-stage DDM is appropriate.
想问一下这道题如果 用三阶段的GGM可以吗？C是错在没有说三阶段吗？
NO.PZ201710200100000307 老师H-mol如果是两阶段的，和two -stage mol的区别，是不是H-mol必须是第一阶段是linecreaserate，而two stage mol可能第一阶段是gh速度增长，第二阶段是gl的永续增长，每个阶段都是恒定的一个g。对吗？
NO.PZ201710200100000307 Three-stage M Gorn growth mol B is correbecause HLTV is forecast to have three growth stages: the growth phase (2 years 27%), the transition phase (10 years 12%), anthe mature phase. Because the earnings growth hthree stages anthe vinpayoutratio is stable, a three-stage M is appropriate.模型太多了这两个太像了
