20.ch13 the stock market
- 최초 등록일
- 2013.09.04
- 최종 저작일
- 2013.06
- 1페이지/ MS 워드
- 가격 1,000원
목차
1. Summary
2. Quantitative Problems
본문내용
Summary
Stocks are valued as the present value of the dividends. Unfortunately, we do not know very precisely what these dividends will be. This introduces a great deal of error to the valuation process. The Gordon growth model is a simplified method of computing stock value that depends on the assumption that the dividends are growing at a constant rate forever. Given our uncertainty regarding future dividends, this assumption is often the best we can do.
The Gordon Growth Model
A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate.
참고 자료
Financial Markets and Institutions(7th Edition)