This document discusses price-earnings (PE) ratios and price-earnings to growth (PEG) ratios. It begins by relating PE ratios to fundamentals using a discounted cash flow model. It then provides an example of calculating the PE ratio for a hypothetical high-growth firm. Next, it discusses how expected growth, risk, and payout ratios affect both PE ratios and PEG ratios. The document concludes by presenting several propositions about how risk, growth quality, and growth rates impact PEG ratios.
Alamin ang sekreto kung paano kumita gamit lang ang Cellphone mo. Dito ipapakita ko sayo kung paano ka kikita sa pagiging isang Dealer sa Telepreneur Corporation.
DXN is a direct selling company that offers opportunities for everyone to start a business with low-risk and low-cost.
DXN is the world's largest Ganoderma company and ranked in top 15th direct selling company in 2018.
Alamin ang sekreto kung paano kumita gamit lang ang Cellphone mo. Dito ipapakita ko sayo kung paano ka kikita sa pagiging isang Dealer sa Telepreneur Corporation.
DXN is a direct selling company that offers opportunities for everyone to start a business with low-risk and low-cost.
DXN is the world's largest Ganoderma company and ranked in top 15th direct selling company in 2018.
INTERESTED?
CONTACT ME : 09194660453 OR 09213002719
Kaibigan, Simulan mo sa P199.00
SMART ''Load Mo Sarili Mo" (LMSM)
Ang LOAD MO SARILI MO ay isang LIVELIHOOD OPPORTUNITY para sa mga nagnanais na mag-negosyo gamit ang kanilang cellphone. Bawat miyembro ay mayroong kakayahang mag-load sa kanyang sarili at sa ibang Smart users! Maliit lamang ang puhunan sa LMSM ngunit malaki ang potensyal na pagkakakitaan. Maaring kumita mula P20,000 hanggang P120,000 o higit pa buwan-buwan! Tanging SMART products lamang ang produktong dinadala ng LMSM.
*This is a very good opportunity.. Only Launched last February 20, 2010 and Currently there are only 2000 members, and SMART has around 40Million subscribers!!!.. SO HURRY AND GRAB THE CHANCE BEFORE ITS TOO LATE!!
INTERESTED?
CONTACT ME : 09194660453 OR 09213002719
Kaibigan, Simulan mo sa P199.00
SMART ''Load Mo Sarili Mo" (LMSM)
Ang LOAD MO SARILI MO ay isang LIVELIHOOD OPPORTUNITY para sa mga nagnanais na mag-negosyo gamit ang kanilang cellphone. Bawat miyembro ay mayroong kakayahang mag-load sa kanyang sarili at sa ibang Smart users! Maliit lamang ang puhunan sa LMSM ngunit malaki ang potensyal na pagkakakitaan. Maaring kumita mula P20,000 hanggang P120,000 o higit pa buwan-buwan! Tanging SMART products lamang ang produktong dinadala ng LMSM.
*This is a very good opportunity.. Only Launched last February 20, 2010 and Currently there are only 2000 members, and SMART has around 40Million subscribers!!!.. SO HURRY AND GRAB THE CHANCE BEFORE ITS TOO LATE!!
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
7. 30
Example 2: An Old Example with Emerging
Markets: June 2000
Country PE Ratio Interest
Rates
GDP Real
Growth
Country
Risk
Argentina 14 18.00% 2.50% 45
Brazil 21 14.00% 4.80% 35
Chile 25 9.50% 5.50% 15
Hong Kong 20 8.00% 6.00% 15
India 17 11.48% 4.20% 25
Indonesia 15 21.00% 4.00% 50
Malaysia 14 5.67% 3.00% 40
Mexico 19 11.50% 5.50% 30
Pakistan 14 19.00% 3.00% 45
Peru 15 18.00% 4.90% 50
Phillipines 15 17.00% 3.80% 45
Singapore 24 6.50% 5.20% 5
South Korea 21 10.00% 4.80% 25
Thailand 21 12.75% 5.50% 25
Turkey 12 25.00% 2.00% 35
Venezuela 20 15.00% 3.50% 45
Aswath Damodaran
30
13. 36
Regression Results
¨ There is a strong positive relationship between E/P ratios and T.Bond rates, as
evidenced by the correlation of 0.66 between the two variables.,
¨ In addition, there is evidence that the term structure also affects the PE ratio.
¨ In the following regression, using 1960-2014 data, we regress E/P ratios against
the level of T.Bond rates and a term structure variable (T.Bond - T.Bill rate)
E/P = 3.51% + 0.5598 T.Bond Rate – 0.1374 (T.Bond Rate-T.Bill Rate)
(4.93) (6.23) (-0.65)
R squared = 41.28%
¨ Going back to 2008, this is what the regression looked like:
E/P = 2.56% + 0.7044 T.Bond Rate – 0.3289 (T.Bond Rate-T.Bill Rate)
(4.71) (7.10) (1.46)
R squared = 50.71%
The R-squared has dropped and the T.Bond rate and the differential with the T.Bill
rate have noth lost significance. How would you read this result?
Aswath Damodaran
36