Stocks versus Bonds: Explaining the Equity Risk Premium Clifford S. Asness From the 19th century through the mid-20th century‚ the dividend yield (dividends/price) and earnings yield (earnings/price) on stocks generally exceeded the yield on long-term U.S. government bonds‚ usually by a substantial margin. Since the mid-20th century‚ however‚ the situation has radically changed. In addressing this situation‚ I argue that the difference between stock yields and bond yields is driven by the long-run
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Dangers of Smoking Cigarettes When you are aware of the dangers of smoking cigarettes‚ you can persuade yourself and others to quit the habit. Read this article to understand the harmful effects of smoking on your health. The habit of smoking cigarettes is addictive in nature. For this reason‚ even though smoking causes death for millions of people all across the world‚ most smokers are unable to stop smoking. Addiction towards cigarettes develop mainly because of presence of nicotine in tobacco
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Smoking Good or Bad? In the article “Banning the Smoking Gun” written April 16‚ 2013 for the Sentential Carl DeBeer claims that smoking on campus should not be banned. His reasons for opposing the ban were: 1) it infringes on the smoker’s rights. 2) Secondhand smoke can cause harm‚ but it is the individuals choice to stand close to the individual smoking. The evidence he states is that one if you ban smoking people will smoke less. That is not true according to economist at the St. Louis Federal
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After a nine-week period of $100‚000 investment divided equally among four stocks (3D Systems‚ Microsoft‚ Nordstrom and Sony)‚ our portfolio has been liquidated‚ analyzed‚ and compared to the surrounding markets by investing the same $100‚000 in each of 3 different indexes: the VFINX‚ the VHGEX and the NASDAQ 100. These portfolios represent the overall U.S.‚ global equity and technology market‚ respectively. Shown below are the results from the portfolio and its comparisons. Performance/Risk Assessment
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Valuation of Common Stock Ashok Banerjee Common (Equity) Stocks • Because common stock never matures‚ today’s value is the present value of an infinite stream of cash flows (i.e.‚ dividend). • But dividends are not fixed. • Not knowing the amount of the dividends—or even if there will be future dividends— makes it difficult to determine the value of common stock. • So what are we to do? Valuation Models • Dividend Valuation Model (DVM): – Constant dividend: Let D be the constant DPS: The required
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Investing in Stocks and Bonds Stocks and Bonds are different in many ways. A stock is a portion or share of the ownership of a corporation. A share will give the owner of the stock the company’s profits or loses over time. The good thing about stocks is they can be sold at almost any time as long as there is someone willing to buy. A bond‚ on the other hand‚ is a fixed interest financial asset issued by governments‚ companies‚ banks‚ and other large entities. Bonds also are called funds.
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Under Armour Under Armour is an American sports clothing and accessories company. The company supplies a wide range of sportswear and casual apparel. They mainly focus on hi-tech sportswear for professional athletes. Under Armour’s global headquarters is located in Baltimore‚ Maryland. The company was founded in 1996 by Kevin Plank‚ a 23-year old former special teams captain for the University of Maryland football team. Plank began the business from his grandmother’s basement in Washington‚ D. C
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English 1301 Cause and Effect of Smoking The first time I heard a speech about the effects of smoking‚ I was in fifth grade. I well remember Deputy Becerra talking about the warnings against smoking. The last words she clearly spoke‚ were‚ “this cigarette in my hand is a death sentence”. After the presentation‚ for days‚ I kept contemplating on the subject and the effects. I asked myself‚ why would anybody be tempted or drawn to light up that cigarette? It did not make any sense to me
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The Karachi Stock Exchange or KSE is a stock exchange located in Karachi‚ Sindh‚ Pakistan. Founded in 1947‚ it is Pakistan’s largest and oldest stock exchange‚ with many Pakistani as well as overseas listings. Its current premises are situated on Stock Exchange Road‚ in the heart of Karachi’s Business District. The KSE is the biggest and most liquid exchange in Pakistan and in 2002 it was declared as the "Best Performing Stock Market of the World" by "Business Week". As of December 20‚ 2007‚ 671
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my opinion on Smoking in Public place and how it should be banned. Are you tried of seeing cigarette smokers at every public place? Watching people smoking disgusts me‚ the way they pollute the air with the smoke and flick the ash onto the ground. It is a horrible habit that should be banned. I fully support a ban on smoking in all public places. The best way to reduce the number of smokers is to help prevent people from starting in the first place. A partial ban for smoking will not work.
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