宏观金融学精品教学：MishkinCh07.pptVIP

* * Copyright ? 2007 Pearson Addison-Wesley. All rights reserved. Chapter 7 The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis Copyright ? 2007 Pearson Addison-Wesley. All rights reserved. 7-* One-Period Valuation Model Copyright ? 2007 Pearson Addison-Wesley. All rights reserved. 7-* Generalized Dividend Valuation Model Copyright ? 2007 Pearson Addison-Wesley. All rights reserved. 7-* Gordon Growth Model Copyright ? 2007 Pearson Addison-Wesley. All rights reserved. 7-* How the Market Sets Prices The price is set by the buyer willing to pay the highes