منابع مشابه
Uncertain stock model with periodic dividends
References [1] F. Black and P. Karasinski, Bond and option pricing when short-term rates are lognormal, Financial Analysts Journal, Vol. 47, No. 4, 52-59, 1991. [2] F. Black and M. Scholes, The pricing of options and corporate liabilities, Journal of Political Economy, Vol. 81, 637-654, 1973. [3] J. C. Cox, J. E. Ingersoll, and S.A. Ross, An intertemporal general equilibrium model of asset pric...
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Long historical averages of real earnings help forecast present values of future real dividends. With aggregate U.S. stock market data (1871-1986), a vector-autoregressive forecast of the present value of future dividends is, for each year, roughly a weighted average of moving-average arnings and current real price, with between two thirds and three fourths of the weight on the earnings measure...
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As the centerpiece of its “growth package,” the Bush Administration proposes to eliminate taxes that individuals pay on dividend payments they receive from corporations. These dividends would receive tax-free treatment to the extent that they have been paid from profits subject to the corporate income tax. For individuals who hold shares in companies that do not pay dividends, the proposal woul...
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According to several empirical studies, the linear present-value model fails to explain the behaviour of stock prices in the long run. We analyse the possible presence of threshold cointegration between real stock prices and dividends for the US market during the period from 1871:1 to 2004:6. According to our results, the null hypothesis of linear cointegration between stock prices and dividend...
متن کاملAccurate approximation formulas 5 for stock options with discrete dividends
Dear Author Please address all the numbered queries on this page which are clearly identified on the proof for your convenience. Query number Query 1 Please note that the reference Whaley (1981) and (1982) are not cited in the text. 2 Please note that we have retained Tian-Shyr Dai as the corresponding author as per the cats mail. So please check it. 15 Pricing options on a stock that pays disc...
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ژورنال
عنوان ژورنال: Michigan Law Review
سال: 1918
ISSN: 0026-2234
DOI: 10.2307/1276065