We all know that both stocks and bonds have benefitted from declining interest rates over the last couple of decades. For bonds, the interest rate sensitivity is usually captured in a first approximation by the duration of the bond. A bond that has a duration of 10 will increase by 10% in price for every one percentage point drop in interest rates.
She fails to capture the repurchase yield transition that happened. This is also a return of capital and should be additive to the return of the dividend yield.
Is this total return or dividend/coupon return?
She fails to capture the repurchase yield transition that happened. This is also a return of capital and should be additive to the return of the dividend yield.