问题
单项选择题
Estimate an earnings multiplier for ABC Company, assuming a dividend payout ratio of 50%, a required return of 12% , and a growth rate of 7%.（）
A．10.00.
B．12.00.
C．15.57.
答案
参考答案：A
解析：
The P/E ratio is estimated as the dividend payout ratio divided by the required return minus the growth rate. In this case, 0.50/(0.12-0.07)=10.00.