问题
单项选择题
Which of the following statements about the constant growth dividend discount model (DDM) in its application to investment analysis is FALSE The model:（）
A. is best applied to young, rapidly growing firms.
B. can't be applied when g > K.
C. can't handle firms with variable dividend growth.
答案
参考答案：A
解析：
The model is most appropriately used when the firm is mature, with a moderate growth rate, paying a constant stream of dividends. In order for the model to produce a finite result, the company's growth rate must not exceed the required rate of return.