Back in the late nineteenth century the dividendpriceratio was typically 5%.
回溯19世纪，股利价格比一般为5%。
2
That looks improbable. The return from equities comprises the dividend yield, plus dividend growth, plus or minus any change in the rating (the price-dividendratio).
股票收益包含股息生息率，加上现金股利成长率，加上或减去评定等级的变化(价格股利比率)。
3
And shares that look cheap on conventional measures (asset value, dividend yield, price-earnings ratio) also tend to deliver above-average returns, but belong to firms that are likelier to go bust.