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Supposons que le taux de croissance anticip des dividendes soit constant. La valeur attendue de l'action de l'entreprise l'anne 4 (Prix au temps 4) est

Supposons que le taux de croissance anticip des dividendes soit constant. La valeur attendue de l'action de l'entreprise l'anne 4 (Prix au temps 4) est : D5/(r-g) P0 * (1+g)4 D0* (1+g)/(r-g) Options de la question 34 : I,II,III I,II I seulement

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