Định Giá Cổ Phiếu và Trái Phiếu

The change in perception of risk of a stock changes ____.

• current dividends.

• required rate of return.

• expected selling price.

• expected growth rate of dividends.

Using the one-stage valuation model, assume the year-end dividend is $0.11, the expected selling price is $110, and the required rate of return is 10%, the current price of the stock will be

• $100.10.

• $121.12.

• $100.11.

• $110.11.

In the general dividend discount model, the current stock price is the sum of

• the present value of future dividend streams plus the actual selling price in the future.

• the present value of the selling price in the future.

• the present value of future dividend streams.

• the actual value of future dividend streams.

The value of any investment is calculated by considering:

• the present value of all future revenues.

• the present value of all future liabilities.

• the present value of all future cash flows.

• the future value of all future costs.

The stock price will decrease if:

• the future selling price increases.

• the current dividends are high.

• risk perception decreases.

• the required rate of return increases.

The ownership of a company's stock gives shareholders the right to _____:

• manage and be responsible for all legal liabilities.

• vote and be the primary beneficiary of all cash flows.

• vote and be responsible for all legal liabilities.

• vote and be the beneficiary of the remainder of all cash flows (after other obligations have been met).

Using the Gordon growth formula, if next year's dividend (D1) is $

Using the Gordon growth formula, if next year's dividend (D1) is $1.00, the required rate of return (ke) is 10%, and the dividend growth rate (g) is 5%, what is the current stock price?

• $40.

• $20.

• $30.

• $10.

Periodic net income payments to shareholders are called?

• dividends.

• interest.

• capital gains.

• profits.

Using the Gordon growth model, the stock price will increase if?

• the dividend growth rate increases.

• the required return on equity increases.

• the expected selling price increases.

• the dividend growth rate decreases.