Hongbo Zhu edited ROE_t_E_t_BV__t_1__.tex  almost 8 years ago

Commit id: a6f453c01bee9423fd378df1b33646f2eb013b75

deletions | additions      

       

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:residual \ref{eqn:residual  growth}