search query: @author Brennan, M. J. / total: 26
reference: 3 / 26
| Author: | Brennan, M. J. |
| Title: | Stripping the S&P 500 Index |
| Journal: | Financial Analysts' Journal
1998 : JAN-FEB, VOL. 54:1, p. 12-22 |
| Index terms: | stock markets dividends |
| Language: | eng |
| Abstract: | There could be a new market in S&P 500 Index dividends strips, which are claims to a year's dividend on the index. This new market would improve risk sharing but most importantly it would also serve to focus investor attention on the basics that determine the value of the index rather than simply on the future resale value of the index. Such a market would also help to promote rational pricing by revealing the market assessment of certainty-equivalent growth rates in dividends. |
SCIMA