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Expected returns on value, growth, and HML

✍ Scribed by Oleg Rytchkov


Book ID
116641749
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
366 KB
Volume
17
Category
Article
ISSN
0927-5398

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This paper derives four-five year predictions of growth rates of accounting earnings per share implicit in four expected return models commonly used in financial research. A comparison of such growth rates with those produced and reported by Value Line analysts and those generated by a submartingale