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On the Timing and Pricing of Dividends
Binsbergen, J. v., Brandt, M., & Koijen, R. (2012). American Economic Review
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Note: We present evidence on the term structure of the equity premium. We recover prices of dividend strips, which are short-term assets that pay dividends on the stock index every period up to period T and nothing thereafter. It is short-term relative to the index because the index pays dividends in....