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Equity Yields

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NBER2011-09-01 更新2025-01-04 收录
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We study a new data set of prices of traded dividends with maturities up to 10 years across three world regions: the US, Europe, and Japan. We use these asset prices to construct equity yields, analogous to bond yields. We decompose these yields to obtain a term structure of expected dividend growth

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2011-09-01
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