Explain how long-term price-to-earnings ratios in the U.S. stock market of around 15 times are consistent with

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Explain how long-term price-to-earnings ratios in the U.S. stock market of around 15 times are consistent with long-term expected stock returns of around 6 to 7 percent a year in real terms.

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Valuation Measuring and managing the values of companies

ISBN: ?978-0470424704

5th edition

Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel

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Question Posted: Aug 12, 2015 02:20 AM

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Explain how long-term price-to-earnings ratios in the U.S. stock market of around 15 times are consistent with

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The 65 percent return is based on the following assumptions 1 Corporate profit...View the full answer

Valuation Measuring and managing the values of companies

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