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Resolving macroeconomic uncertainty in stock and bond markets

Beber, Alessandro; Brandt, Michael W. - In: Review of finance : journal of the European Finance … 13 (2009) 1, pp. 1-45

Persistent link: https://www.econbiz.de/10003837976

Binsbergen, Jules H. van; Brandt, Michael W.; Koijen, … - 2010

"We recover prices of dividend strips on the aggregate stock market using data from derivatives markets. The price of a k-year dividend strip is the present value of the dividend paid in k years. The value of the stock market is the sum of all dividend strip prices across maturities. We study...

Persistent link: https://www.econbiz.de/10008697804

On the timing and pricing of dividends

Binsbergen, Jules H. van; Brandt, Michael W.; Koijen, … - 2011

We recover prices of dividend strips on the aggregate stock market using data from derivatives markets. The price of a k-year dividend strip is the present value of the dividend paid in k years. The value of the stock market is the sum of all dividend strip prices across maturities. We study the...