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财务题求每股股票支付的最大值应该是多少

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财务题求每股股票支付的最大值应该是多少
财务管理《股票市场及估值》相关题,求过程和正答谢谢!
"每年每股红利是1.2, 预计未来三年末的每股红利分别是1.30、1.45、1.70. 之后以每股1.15无限期增长.如果期望收益率是百分之12,那么每股股票支付的最大值应该是多少?"
A.12.06 B.12.42 C.12.50 D.16.67 E16.95
Fido's Foods just paid their annual dividend of 1.2 per share. they are projecting dividends of 1.3, 1.45, and 1.7 over the next three years, respectively. after that, the company expects to pay a constant dividend of 1.50 a share. what is the maximum amount you are willing to pay for one share of this stock if your required return is 12 percent?
我去 这不跟我上午回答的题目一模一样的么.只是改了改数字,然后把第二阶段改成了零增长增长模型啊.你不会就是那个人把.
这个是不是你问的.
p1=1.3*(P/F,12%,1)=0.892*1.3=1.1596
p2=1.45*(P/F,12%,2)=1.45*0.797=1.1557
p3=1.7*(P/F,12%,3)=1.7*0.711=1.2087
p4=(1.5/12%)*(P/F,12%,3)=8.8875
P=p1+p2+p3+p4=12.4115
选B