A stock’s P/E ratio based on the DDM is which of the following

单项选择题A firm has an expected dividend payout rate of 70% and an expected future growth rate of 4%. What should the firm’s price-to-earnings (P E) ratio be if the required rate of return on stocks of this type is 15%

单项选择题A company will experience a 30% growth rate over the next four years and pay no dividends over that time period. Growth will then fall to 5%, at which time the company will institute a 30% payout ratio. If the expected dividend in year 5 is projected to be $3 per share and the required return is 12%, what is the firm’s intrinsic value today