财务管理分析与案例分析文件.pptVIP

Chapter 5 Financial Instruments and Markets TABLE 5-1 Rate of Return on Selected Securities, 1926 - 1998 TABLE 5-1 (Concluded) Footnote *Arithmetic mean of annual returns ignoring taxes and assuming reinvestment of all interest and dividend income. Source: SBBI, Stocks, Bonds, Bills and Inflation, 1999 YearbookTM,  Ibbotson Associates, Chicago, p.33 (annually updates work by Roger G. Ibbotson and Rex A, Sinquefield. All rights reserved. FIGURE 5-1 If You Had Only Invested a Dollar in 1926; Performance of U.S. Capital Markets, 1926 - 1998 Sources: Professor Aswath Damodaran’s website, /~ada