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Detail for CF/P
Breakpoints
| Annual
Breakpoints: |
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1951-2007 |
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| Construction: |
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We
compute CF/P (in percent) breakpoints at the end of each June. The CF used in
June of year t is the cash flow for the last fiscal year end in t-1. P
(actually ME) is price times shares outstanding at the end of December of t-1. |
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| Stocks: |
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The
breakpoints for year t use all NYSE stocks for which we have ME for December of
t-1 and (positive) cash flow for the last fiscal year end in t-1. |
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| Percentiles: |
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The
file contains every fifth percentile of CF/P, from 5% to 100%. |
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