加拿大论文代写：戈登模型

加拿大论文代写：戈登模型

CAPM的结果
鉴于无风险利率和市场收益率，Fama和法国提出的CAPM是唯一可以有效用于预测证券持有收益率的模型。该模型被全世界的财务人员广泛而可靠地使用，但该模型中仍存在许多种不足之处，有助于限制其应用范围。模型中使用的回报假定为正态分布，但实际回报不正常分布。该模型的另一个假设是，股东对市场上流行的信息具有同等的了解。除此之外，该模型的另一个严格假设将其范围限制在所有活跃和潜在股东的概率信念的范围内，即它完全符合真实的回报分配。股票收益的变化也不能有效地解释模型在许多现实世界的案例中挑战其应用。

加拿大论文代写：戈登模型
可以说，公司对股利的决策取决于公司拥有的留存收益水平。除此之外，它还取决于是否有剩余收益可用的投资机会。
戈登模型有许多与模型背后的不切实际假设有关的问题。关于没有内部融资的假设是不可能被真实世界情景所遵循的。除此之外，很难找到r和Ke，因为公司面临的风险随着Sharpe等人1999年的投资而不断变化。该模型的另一个潜在问题是，如果企业具有超常增长率，则不能使用该模型，因为该模型只适用于企业具有缓慢且稳定增长率的情况。

加拿大论文代写：戈登模型

Outcomes of CAPM
The CAPM as presented by Fama and French is the only model that can effectively be used to peredict required rate of return on securities keeping in view the risk free rate and market rate of return. The model is widely and reliably used by finance persons all over the world but there still exist many sorts of deficiencies in the model that are contributiong to limit its scope regarding its applications. The returns that are utilized in the model are assumed to be normally distributed but practically returns are not distributed normally. Another assumption of the model that shareholders have equal know how of the information prevailing in the market. In addition to this another strict assumption of the model limits its scope that is of probability beliefs of all the active and potential shareholders that it is exactly matching the true distribution of returns. The variation of stock returns is also not explained by the model effectively that challenges its application in many real world cases.

加拿大论文代写：戈登模型
It can be said that firm’s decision regarding dividend depends on the level of retained earnings that are possessed by the firm. In addition to this it also depends on the fact that whether it has available opportunities for investment out of retained earnings or not.
There are many issues with Gordon Model regarding the unrealistic assumptions underlying the model. The assumption that it makes regarding no internal financing is impossible to be followed by the real world scenario. In addition to this it is extremely hard to find r and Ke because the risks faced by the firm kept on changing along with the investments made by the company Sharpe et al, 1999). Another potential issue with the model is that it cannot be used in case of firm having supernormal growth rates because this model can only be applied in case of firm having slow and stable rate of growths.