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  • The 'Right' Way To Value the Stock Market [View article]
    Interesting article, however, the model does not include taxes on capital gains or dividends. Without that adjustment, it is inappropriate to compare historic P/E ratios, since the after-tax returns differ. Hypothetically, would there be no change in P/E if the capital gains rate were 100% or 0%?
    May 23 08:59 am |Rating: 0 0 |Link to Comment
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