Answers to Text Discussion Questions

Input: Dividend payout ratio for the forthcoming year. The model assumes that the dividend payout ratio will remain unchanged from Y1 to Y2. One can override this by typing in a new value for Y2. Advanced: The dividend payout ratios beyond Y2 are value irrelevant, i.e., changing the payout beyond Y2 does not affect stock price. ................
................

In order to avoid copyright disputes, this page is only a partial summary.