試題詳解

4. Considering a constant growth model of stock valuation, & is the discount rate, b is the retention ratio, g is the growth rate, then P/E ratio is
(A) Present value to earnings ratio
(B) Price to earnings ratio
(C) a ratio of b/(k-g)
(D) a ratio of (1-b)＞/(k-g)
(E) equal to 17.14 if k= 12.5%, 6-60%, and g=9%.