China Naming Network - Feng Shui knowledge< - Fan Hua and Feng Shui.
Fan Hua and Feng Shui.
A expected rate of return = risk-free interest rate+β market portfolio risk premium = 0.04+1.5 * 0.12 = 0.22.
Fixed growth model
P= first dividend/(expected rate of return-dividend growth rate)
=0.9/(0.22-0. 1)
=7.5 yuan