Download The Stock Market

Author By James H. Lorie & Mary T. Hamilton
Download The Stock Market

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An outstanding summary of setting pleasant capital market precept and associated literature. Sometimes citied in several analysis. The authors, James H. Lorie and Mary Hamilton, Kimpton recognized that the price of a companies stock is set by expectations referring to future earnings of the company and by the speed at which these earnings are discounted. In a world of no uncertainty, all securities would provide a positive return equal to the precise charge of return in capital.

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