The appropriate time average of {yit} is 
, where Ti is:
Definitions:
NPVGO
Net Present Value of Growth Opportunities; the present value of future investments' cash flows minus initial investments.
Dividend Growth Rate
The annual percentage rate of growth of a company’s dividend payments to shareholders.
Investor's Return
The positive or negative shift in an investment's financial value during a set interval, portrayed as a percentage of the investment's initial price.
Stock Price
The cost of purchasing a share of a company's stock, determined by the supply and demand for it in the market.
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