NO.PZ2018091706000022
问题如下:
In the long run, which of the following factor is most likely drive stock market performance?
选项: the potential GDP.
the P/E ratio.
C.the earning to GDP ratio.
解释:
A is correct.
考点:股票市场和经济增长的关系
解析:在长期,the potential GDP growth rate equals the growth rate of aggregate equity valuation.
对于其它因素,growth rate in the P/E ratio will be zero and growth in earnings relative to GDP is zero.
老师上课讲了eps的例子我懂,但是B为啥不对呢?教材上对应哪个地方写了这个长期时,变化值为0?我记得不是说了市场的PE的volatility是一个很重要的影响因素呀