B
第1年的股利=1×(1+8%)=1.08第2年的股利=1.08×(1+7%)=1.155626=1.08×(P/F,KS,1)+1.1556×(P/F,KS,2)+[1.1556×(1+6%)/(KS-6%)]×(P/F,KS,2)设KS=10%,1.08×(P/F,10%,1)+1.1556×(P/F,10%,2)+[1.1556×(1+6%)/(10%-6%)]×(P/F,10%,2)=1.08×0.9091+1.1556×0.8264+[1.1556×(1+6%)/(10%-6%)]×0.8264=27.24设KS=12%,1.08×(P/F,12%,1)+1.1556×(P/F,12%,2)+[1.1556×(1+6%)/(12%-6%)]×(P/F,12%,2)=18.16利用内插法:聽聽聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽聽聽KS=10.27%