※ 引述《icerose (泡泡)》之銘言：
: Future Corp. just paid a dividend of $2 on its stock. The growth rate in
: dividends is expected to be a constant 4 percent per year, indefinitely.
: Investors required return is 14 percent for the first three years, a 12
: percent return for the next three years, and then an 8 percent return
: thereafter. What is the current share price for the stock?
: 我是這樣算:
: 2*(1+4％)/(1.14)+ 2*(1+4％)^2/(1.14)^2+2*(1+4％)^3/(1.14)^3
: +2*(1+4％)^3/(1.12)+ 2/*(1.14)^4/(1.12)^2+2*(1.14)^5/(1.12)^3
: +2*(1.14)^5/(1.08)^5
: 我不是很清楚折現要算第幾年??是這樣算嗎?
後面的4.5.6年分別折4.5.6次，那第7年之後就是算在第六年??
2*(1+4％)/(1.14)+ 2*(1+4％)^2/(1.14)^2+2*(1+4％)^3/(1.14)^3
+2*(1+4％)^4/(1.12)4+ 2/*(1.14)^5/(1.12)^5+2*(1.14)^6/(1.12)^6
+2*(1.14)^7/(1.08)^6
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