Q1. Which of the following has accounted for most of the variability in stock market returns over time? A) The interest expense margin of the market. B) The P/E ratio of the market. C) The EBITDA margin of the market.
Q2. Which of the following is the best method of estimating the future dividend payout ratio for a stock market series? Estimate the: A) dividend payout ratio using historical dividend payout ratios. B) earnings for firms and their level of capital investment, from which the retention ratio and hence dividend payout ratio can be derived. C) dividend payment using historical dividends and then relate this to the estimated earnings.
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发表于 2009-1-7 10:19
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