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The capital gain yield refers to the percentage increase in the stock price over a specific period, reflecting the appreciation of the investment's value. It is closely related to the expected future stock price, as a higher expected future price typically indicates a higher capital gain yield. Investors often estimate future stock prices based on factors such as earnings growth, market trends, and economic conditions, which in turn influence their expectations of capital gains. Thus, a positive relationship exists: as expected future stock prices rise, so too does the potential for capital gain yield.

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