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雷达卡
Suppose there are N identical stocks. Each stock has dividendgrowth following iid Normal (mu, sigma^2). That is,
D_i,t+1 / D_it ~ N(mu, sigma^2)
for stock i between time t and t+1.
Now let’s compute the dividend growth of the entire marketin aggregate:
(sum_{i=1}^{N} D_i,t+1) / (sum_{i=1}^{N} D_it)
Could you find which distribution this one follows?
Thank you
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