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The yield gap or yield ratio is the ratio of the dividend yield of an equity and the yield of a long-term government bond. Typically equities have a higher yield (as a percentage of the market price of the equity thus reflecting the higher risk of holding an equity.〔(Yield Gap ); Reuter's Financial Glossary〕 〔(Yield Gap ); Moneyterms〕 The purpose of calculating the yield gap is to assess whether the equity is over or under priced as compared to bonds. For a given equity, the following cases may be considered: * If the yield gap is numerically small, then equity yield is lower than bond yield implying that the equity is overpriced. * If the yield gap is numerically large, then equity yield is higher than bond yield implying that the equity is cheap. == See also == Yield (finance) 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Yield gap」の詳細全文を読む スポンサード リンク
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