618                                                    19

  , F -    ,  -  
.    ,   (19.23)   -
 (19.22),        . 
        $0,73  
( 2,9%       ).  
    $0,74 ( 3,0%).   FE
 , ,        
   .   ,   
,   ,     ,  -
,    ,      
  (EPS).

19.8.4      

         . 
  . 19.8,      , 
 .             -
32.    ,    Zacks
Investment Research's Icarus Service,     -
33.    ,  ,     .
      (FE)     -
      :

FE=\(F-A)/A ,                        (19.24)

 F           
  .     $3  , 
      $4,   -
 FE = ($3 - $4)/$4 = 0,25,  25%.

 t = 0  ,    .  
   12    12   / == 0.    
 . 19.8,       0,150.  -
    0,224   12 (..  12    -
 )  0,124   +12.  ,    . 19.6,
          -
 ,          t= -12 
t = +12  .

 , ,  ,      -
     t = -12  / = +8 (,   -
    t = +4).    ,  , 
        ,   -
.      t = 0,    
   ,  .    ,
  ,     / = +1  t = +4,  
 .   ,       
     ,  .  / = +4
    (   , -
        ,   -
,  ,  ,     ,
     ).