HPR for the first year required r ate of_return 0+P-B-0+B- P 名 This relationship tells you that next year's expected dividend yield the expected capital gain yield is equal to the required rate of return THE COURSE OF FINANCE 2017 SPRING SJTU 13HPR for the first year n This relationship tells you that next year’s expected dividend yield + the expected capital gain yield is equal to the required rate of return THE COURSE OF FINANCE 2017 SPRING SJTU 13 0 1 0 0 1 0 1 1 0 required_r ate_ _ P P P P D P D P P of return     