(1)A=2.6×(1+30%)=3.38(元)
B=3.38×(1+30%)=4.39(元)
C=2.6×0.9091=2.36(元)
D=3.38×0.8264=2.79(元)
E=4.39×0.7513=3.30(元)
(2)稳定增长期间现金股利的现值为:
[4.39×(1+5%)]÷(10%-5%)×0.7513=69.26(元)
(3)股票的内在价值=2.36+2.79+3.0+69.26=77.71(元)
(1)A=2.6×(1+30%)=3.38(元)
B=3.38×(1+30%)=4.39(元)
C=2.6×0.9091=2.36(元)
D=3.38×0.8264=2.79(元)
E=4.39×0.7513=3.30(元)
(2)稳定增长期间现金股利的现值为:
[4.39×(1+5%)]÷(10%-5%)×0.7513=69.26(元)
(3)股票的内在价值=2.36+2.79+3.0+69.26=77.71(元)
