问题
单项选择题
An analyst gathered the following information about a company:
The stock is currently selling for
€50per share. Which of the following best characterizes the:
Intrinsic value of the stock type of stock（）
①A.€40 Cyclical
②B.€40Speculative
③C.€44Speculative
A. ①
B. ②
C. ③
答案
参考答案：C
解析：
Implied dividend growth rate = ROE × RR = 20%×0.5=10%
Intrinsic value of the stock:
The stock is overvalued; it is a speculative stock.