Which of the following is the correct formulation of the Greenspan model?
A) S&P 500 P/E minus the 10-year bond yield
B) 10-year bond yield minus the S&P 500 earnings yield
C) 10-year bond yield minus the S&P 500 P/E
D) S&P 500 earnings yield minus the 10-year bond yield
Correct Answer:
Verified
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