Not adding up

Mr Bearbull

Mr Bearbull
Not adding up

Sometimes the numbers just don't add up; although, chances are, you need to think a little to see why not. Take very basic data for the FTSE 100 index of blue-chip UK companies: the price/earnings (PE) ratio on which the index trades - what's commonly called its 'rating' - and its dividend yield, which, if you like, is its interest rate.

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