This paper presents a new stock pricing model based on arithmetic Brown motion. The model overcomes the shortcomings of Gordon model completely. With the model investors can estimate the stock value of surplus compani...This paper presents a new stock pricing model based on arithmetic Brown motion. The model overcomes the shortcomings of Gordon model completely. With the model investors can estimate the stock value of surplus companies, deficit companies, zero increase companies and bankrupt companies in long term investment or in short term investment.展开更多
文摘This paper presents a new stock pricing model based on arithmetic Brown motion. The model overcomes the shortcomings of Gordon model completely. With the model investors can estimate the stock value of surplus companies, deficit companies, zero increase companies and bankrupt companies in long term investment or in short term investment.
