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Suppose an analyst estimates a 2% dividend yield, long-term inflation of 2.1%, earnings growth of 3%, a 0.8% increase in total shares outstanding, and P/E
Suppose an analyst estimates a 2% dividend yield, long-term inflation of 2.1%, earnings growth of 3%, a 0.8% increase in total shares outstanding, and P/E repricing of 0.3%. How much is the expected return on the stock market based on Grinold and Kroner Model and Gordon Dividend Model?
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