标题: equity: ibbotson-chen earnings model [打印本页] 作者: leadcfa 时间: 2013-4-2 11:36 标题: equity: ibbotson-chen earnings model
where I could find the formula? It is not on the formula sheet. Thanks.作者: d2rockstar 时间: 2013-4-2 11:37
is this on the test?作者: spreads 时间: 2013-4-2 11:37
It’s depressing seeing something in a title of a thread and not having a clue what it is…作者: torontoanalyst 时间: 2013-4-2 11:38
{[(1+InflationRate)(1+RealEarningGrowthRate)(1+PEratio)-1]+DividendIncome} - RiskFreeRate
It merely isolates the equity risk premium.作者: luckygiftvn 时间: 2013-4-2 11:38
its a fundamental model
={(1+inflation rate)(1+ growth in gdp)(1+growth in P/E) -1}+ reinvestment rate on dividends - risk free rate
*there was a question in one of the vingettes i remember作者: stockjaguar 时间: 2013-4-2 11:39
Not growth in GDP, i think it is growth in EPS.
[(1+EINFL)*(1+EGEPS)*(1+EGP/E) - 1] + EGINC - risk free rate
Where EGINC is expected growth in income, which can be dividends or coupons I believe.作者: Walex 时间: 2013-4-2 11:39
growth in eps and growth in real gdp should be the same, and we assume they are. cfai text says if they are not then you adjusted real gdp.作者: therecruit 时间: 2013-4-2 11:39
I will attempt to remember this if I’m scoring 85+ on mock exams. Until then (maybe next year if I fail), I’ll use my braincells on easier fish to catch.作者: Andreas42 时间: 2013-4-2 11:40
I won’t even bother with this one.作者: HuskyGrad2010 时间: 2013-4-2 11:40
It is an EOC question so it is fair game on the exam, one would think作者: dandman 时间: 2013-4-2 11:41
yeah, i had this question about a month ago too (because its an EOC).
i’m going to ignore it - cant imagine more than one question. And if it does come up, i’m assuming one of the “wrong” answer choices will be like the CAPM calculation or something - so i will hopefully be able to eliminate bad choices..
