Stock-Market Equilibrium and the Dividend Yield

Stock-Market Equilibrium and the Dividend Yield
Can fundamentals account for the recent performance of the U.S. stock market? The price/earnings ratio is out of line with historical averages, and the dividend/price ratio has recently reached a historic low. These developments and record levels of inflows into mutual funds have led some to conclude that stock prices are above their fundamental... READ MORE...

Publication date: August 1996
ISBN 9781451951981
$15.00

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