Dividend Innovations and Stock Price Volatility
- 1 January 1988
- journal article
- Published by JSTOR in Econometrica
- Vol. 56 (1) , 37
- https://doi.org/10.2307/1911841
Abstract
A standard efficient markets model states that a stock price equals the expected present discounted value of its dividends, with a constant discount rate. This ...Keywords
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