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- 2011-5-24
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- 2012-9-12
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Think in the concrete, not abstract. Here is an example I rigged up:
r = .17
P = 10
g = .1
142.8571
r = .14
P = 10
g = .1
250
Since the required return is higher than what it should be given CAPM expectations, the stock will trade at a lower price; in this case at 143 roughly. The value should be 250, so we should buy.
NO EXCUSES |
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发表于 2011-7-11 19:48
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