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 conclud...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1996.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1996/090 |
| 在线阅读: | Full text available on IMF |