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LaTeX Math Block
\text{Y}_{t} = EP_{t} + \frac{\sum \limits_{i=1}^n r_{t,t+i}}{n}


where,

EP_{t} is

LaTeX Math Inline
body--uriencoded--EP_%7Bt%7D
 is the estimated equity premium for the constituent at time t, based on the Asset Pricing model

LaTeX Math Inline
body--uriencoded--r_
{t
%7Bt,t+
i} is
i%7D
 is the interest rate at time t with maturity i, used to discount the cash flow at time t+i. In other words, this represents the term structure of interest rates used for discounting the future cash flows of the constituent.

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