You say stock price equals the present value of future dividends? That's crazy! All the investors I

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"You say stock price equals the present value of future dividends? That's crazy! All the investors I know are looking for capital gains." Explain

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Jan 04, 2019 09:15 AM

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You say stock price equals the present value of future dividends? That's crazy! All the investors I

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When an investor buys a stock and holds it for one year he receives cash dividends and cash value of ... View the full answer

Fundamentals of Corporate Finance

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