i think u spell ti wrong, it should be GRODON MODEL~~~~~~~~~~~

if the  current value of D that grows at a constant rate g. It also assumes that the required rate of return for the stock remains constant at k which is equal to the cost of equity for that company. It involves summing the infinite series.

so it should be sum of D*((1+g)/(1+k))^T, where t from 1 to infinnite,

also we consider the companies price is, it should be P=D((1+g)/（k-g））

[此贴子已经被作者于2007-10-28 0:42:26编辑过]

都拼错了，Gordon model，不过我相信你这个是typo

[此贴子已经被作者于2007-10-28 0:42:26编辑过]

呵呵，我们才学的，复习一下。

Gorden Growth Model：

P_t=(1+g)D_t/(k-g)

P是股价，D是Dividend，g是Dividend的增长率，k是预期回报。