【每日一练】CFA 一级（2015年）

Question：

A company’s $100 par value preferred stock with a dividend rate of 9.5% per year is currently priced at $103.26 per share. The company’s earnings are expected to grow at an annual rate of 5% for the foreseeable future. The cost of the company’s preferred stock is closest to:
A. 9.2%. 
B. 9.5%. 
C. 9.7%. 
 

0
rp = Dp/Pp (or Dividend/Price) = ($100 × 0.095)/$103.26 = 9.2%.
 

CFA Level I
“Cost of Capital,” Yves Courtois, Gene C. Lai, and Pamela Peterson Drake
Section 3.2
“Equity Valuation: Concepts and Basic Tools,” John J. Nagorniak and Stephen E. Wilcox
Section 4.1

更多精彩：

CFA备考经验丨CFA二级固定收益复习策略

考过CFA一级/二级有证书吗？

CFA如何报名？（内含详细报名流程）