The Conformity of Stock Values Based on Discounted Dividends to a Fair-Return Process

Bernell K. Stone

Bell Journal of Economics, 1975, vol. 6, issue 2, 698-702

Abstract: This paper derives necessary and sufficient conditions for the conformity of properly anticipated stock prices to a fair-return process in the framework of a discounted-dividend valuation model when the appropriate fair-return to any given future time period is itself a random variable.

Date: 1975
References: Add references at CitEc
Citations:

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819752 ... O%3B2-4&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:6:y:1975:i:autumn:p:698-702

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().