Hongbo Zhu edited Part 1.tex  almost 8 years ago

Commit id: 56ccd5048b0cd99f449af9bae3ae70b2c0f42b7d

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$ROE_t=E_t/BV_{t-1}$  \begin{equation}  \label{eqn:1}  \[g_{ri}=\frac{(\frac{BV_t}{BV_{T-1}}-1)(\frac{E_{t+1}}{BV_t}-r)+(\frac{E_{t+1}}{BV_t}-\frac{E_t}{BV_{t-1}})}{\frac{E_t}{BV_{t-1}}-r}\]  \end{equation}  to refer the above equation \ref{eqn:1}