lcw77

if change in S is negative, less shares, good thing... all in it's a positive #.

NakedPuts2011

Bucky, I missed that one too when I did it and I just did not like it. If I see the same question verbatim in the AM come Saturday, I am going to do it exactly the way I did it. I will add the repurchase yield to the dividend yield. I have checked through the curriculum and stalla and they always added.

If everybody went the same way, they will be forced to give it to us or just throw it out. Unless it is explicitly stated that the company issued more shares, I will always add the repurchase yield.

NakedPuts00

I understand what you guys are saying, but sometimes it doesn't say whether the number of shares outstanding increased or decreased. It just gives change in S as -0.5. In that case, how do you know whether the equation should be either,

D/P - (-0.5)

or

D/P - (0.5)



Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 05:49PM by bucky6225.

Analyze_This

Hi. I took the negative repurchase as an increase to S

bpdulog

i just intuitively think if you're decreasing shares outstanding, it's usually seen as a good thing for share prices. so if they say decrease shrs outstanding or increase the repurchase yield, it's a positive # (minus a negative).

i hope the whole test is just one question after another- grinold kroner, taylor rule, repeat.
eat it singer terhaar. and your fancy ERP.