price appreciation ( capital gain yield ) 等于 growth 成立有前提?
CFA II
Equity
我之前一直记得price appreciation ( capital gain yield ) 就是等于 growth(g of ROE, g of E , g of ...etc ), 今天总结公式的时候,突然推导出来发现只有在fairly valued的情况下,这个 price appreciation ( capital gain yield ) 等于 growth 才成立么?