异质信念、卖空限制与股票预期收益.基于中国股票市场的实证证据/中国经济学年会会议论文系列 - 中国经济学教育科研网 关键词] :异质信念;卖空限制;股票预期收益. [gap=882]Keywords: Divergence of opinion, Short-sale constraint, Stock expected returns.
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但是象股票那样(不同于债券),投资者可以预期收益上涨,至少能与通胀同步。
But like shares (and unlike bonds), investors can expect that income to grow, at least in line with inflation.
凭借这个分析,我们可以估算出资产预期投资收益,特别是股票和债券的预期收益。
Underlying this analysis, we have estimates of the expected returns on assets, notably, the expected returns on stocks and bonds.
与此同时,中国石化目前的股价是明年预期收益的17倍,为同类股票的两倍。
Meanwhile Sinopec trades on 17 times next year's earnings, twice the rating of peers.
They show the expected return on stocks versus bonds or short-term debt for a whole range of countries.
他们对这些国家的股票预期收益与,国债或者短期债券作出比较。
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