The Theory of Investment Value |
Contents
DOES THE STOCK MARKET PREDICT THE FUTURE? | 7 |
DOES THE QUANTITY THEORY OF MONEY APPLY TO STоск | 45 |
EVALUATION BY THE RULE OF PRESENT WORTH | 55 |
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average banks bond market bond prices borrowing bull market capital cash cent Chapter commodity prices common stock company's computed cost of living coupons debt decline deflation dends depreciation depression diagram distribution rate dividend-paying power dividends dollar earnings per share economic equation excess reserves expected Federal forecast foregoing formula funds gold gold standard government bonds growth Hence higher income taxes increase industry inflation investment value investors issues June 15 labor liquidating value loans long-term bonds marginal market price maturity ment method monopoly Motors normal paid period Phoenix plant preferred stock premium present worth price level price-earnings ratio produce profits purchasing power quasi-rent rate of interest ratio reinvestment result rise riskless savings sell short-term interest rates short-term rates shown speculative Steel Corporation stockholders supply curve Table theory tion Treasury bonds wages yield yield to maturity πο