Lecture11

Lecture11 - S&P Composite Dividend/Price January...

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Lecture 1 1 : Corporate Stocks Economics 252, Fall 2008 Prof. Robert Shiller, Yale University
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S&P Composite Stock Price Index
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Price Earnings Ratio 1881-2008
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S&P Composite Dividends/Earnings January 1871-September 2007
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Unformatted text preview: S&P Composite Dividend/Price January 1871-December 2007 Lintner Model of Dividends DIV t-DIV t-1 = ( EPS t-DIV t-1 ) =adjustment rate, 0< <1 =target ratio, 0< <1...
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This note was uploaded on 02/08/2012 for the course ECON 252 taught by Professor Robertshiller during the Spring '08 term at Yale.

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Lecture11 - S&P Composite Dividend/Price January...

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