{"id":11268,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-equity-lm4\/"},"modified":"2026-09-22T07:44:16","modified_gmt":"2026-09-21T22:44:16","slug":"cfa-l1-equity-lm4","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-equity-lm4\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L1 Equities LM4\u3011Sources of Equity Returns \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u30fb\u682a\u5f0f\u5206\u5272\u30fb\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 4\u300cSources of Equity Returns\uff08\u682a\u5f0f\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9\uff09\u300d\u306f\u3001\u73fe\u91d1\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u30fb\u682a\u5f0f\u5206\u5272\u30fb\u682a\u5f0f\u4f75\u5408\u306e\u7279\u5fb4\u3068\u7528\u9014\u3001\u914d\u5f53\u652f\u6255\u3044\u306e\u6642\u7cfb\u5217\u3001\u305d\u3057\u3066\u682a\u5f0f\u306e\u4fa1\u683c\u30ea\u30bf\u30fc\u30f3\u3068\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u306e\u8a08\u7b97\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM4\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM4\u306b\u306f3\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u914d\u5f53\u3001\u81ea\u793e\u682a\u8cb7\u3044\u3001\u682a\u5f0f\u5206\u5272\u3001\u682a\u5f0f\u4f75\u5408\u306e\u7279\u5fb4\u3068\u7528\u9014\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe features and uses of dividends, share repurchases, stock splits, and reverse stock splits<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u914d\u5f53\u652f\u6255\u3044\u306e\u6642\u7cfb\u5217\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe dividend payment chronology<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u682a\u5f0f\u306e\u4fa1\u683c\u30ea\u30bf\u30fc\u30f3\u3068\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u3092\u8a08\u7b97\u3059\u308b<\/span><span class=\"en\">calculate price and total return for equity securities<\/span><\/li>\n<\/ol>\n<h2>LM4\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u5b9a\u671f\u7684\u306a\u73fe\u91d1\u914d\u5f53\u306f\u5b9a\u671f\u7684\u306a\u30a4\u30f3\u30ab\u30e0\u306e\u6e90\u6cc9\u3067\u3001\u8ab2\u7a0e\u5bfe\u8c61\u3068\u306a\u308b<\/li>\n<li>\u81ea\u793e\u682a\u8cb7\u3044\u306f\u682a\u4e3b\u306e\u5bcc\u306b\u5bfe\u3057\u3066\u914d\u5f53\u3068\u540c\u69d8\u306e\u52b9\u679c\u3092\u6301\u3064\u304c\u3001\u682a\u4fa1\u306e\u4e0b\u652f\u3048\u306b\u3082\u306a\u308a\u3001\u4e00\u90e8\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u67d4\u8edf\u6027\u3068\u7a0e\u52b9\u7387\u306b\u512a\u308c\u308b<\/li>\n<li>\u682a\u5f0f\u5206\u5272\u3068\u682a\u5f0f\u4f75\u5408\u306f\u767a\u884c\u6e08\u682a\u5f0f\u6570\u3092\u5909\u3048\u3001\u682a\u4fa1\u3082\u6bd4\u4f8b\u3057\u3066\u5909\u308f\u308b\u304c\u3001\u682a\u4e3b\u306e\u5bcc\u3001\u682a\u5f0f\u306e\u6642\u4fa1\u7dcf\u984d\u3001\u6295\u8cc7\u5bb6\u306e\u6301\u5206\u306b\u306f\u5f71\u97ff\u3057\u306a\u3044<\/li>\n<li>\u73fe\u91d1\u914d\u5f53\u304c\u5ba3\u8a00\u3055\u308c\u308b\u3068\u3001\u4ee5\u5f8c\u306e\u914d\u5f53\u3092\u53d7\u3051\u53d6\u3089\u305a\u306b\u58f2\u8cb7\u3055\u308c\u308b\u65e5\uff08\u6a29\u5229\u843d\u3061\u65e5\uff09\u304c\u5b9a\u3081\u3089\u308c\u3001\u305d\u306e\u65e5\u306b\u682a\u4fa1\u306f\u901a\u5e38\u305d\u306e\u914d\u5f53\u984d\u3060\u3051\u4e0b\u843d\u3059\u308b<\/li>\n<li>\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308b\u682a\u4e3b\u306f\u652f\u6255\u65e5\u3088\u308a\u524d\u306e\u65e5\u4ed8\uff08\u57fa\u6e96\u65e5\uff09\u3067\u78ba\u5b9a\u3057\u3001\u305d\u306e\u65e5\u306e\u4fdd\u6709\u682a\u6570\u306b\u57fa\u3065\u3044\u3066\u914d\u5f53\u304c\u652f\u6255\u308f\u308c\u308b<\/li>\n<li>\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9\u306f\u3001\u73fe\u91d1\u5206\u914d\u3068\u3001\u671f\u9593\u4e2d\u306e\u682a\u4fa1\u306e\u4e0a\u6607\uff08\u4e0b\u843d\uff09<\/li>\n<li>\u682a\u4fa1\u306f\u3001\u4fdd\u6709\u671f\u9593\u4e2d\u306b\u671f\u5f85\u3055\u308c\u308b\u73fe\u91d1\u5206\u914d\u3068\u3001\u4fdd\u6709\u671f\u9593\u672b\u306e\u671f\u5f85\u58f2\u5374\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024\u306b\u7b49\u3057\u3044\u306f\u305a<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u30fb\u682a\u5f0f\u5206\u5272\u30fb\u682a\u5f0f\u4f75\u5408<\/h3>\n<p><strong>\u73fe\u91d1\u914d\u5f53<\/strong>\u306f\u682a\u4e3b\u3078\u306e\u5b9a\u671f\u7684\u306a\u30a4\u30f3\u30ab\u30e0\u3067\u8ab2\u7a0e\u5bfe\u8c61\u3067\u3059\u3002<strong>\u81ea\u793e\u682a\u8cb7\u3044<\/strong>\u306f\u58f2\u5374\u3092\u9078\u3093\u3060\u682a\u4e3b\u3060\u3051\u304c\u73fe\u91d1\u3092\u53d7\u3051\u53d6\u308b\u5206\u914d\u624b\u6bb5\u3067\u3001\u682a\u4e3b\u5168\u4f53\u306e\u5bcc\u3078\u306e\u52b9\u679c\u306f\u540c\u984d\u306e\u914d\u5f53\u3068\u540c\u7b49\u3067\u3059\u3002<strong>\u682a\u5f0f\u5206\u5272<\/strong>\u30fb<strong>\u682a\u5f0f\u4f75\u5408<\/strong>\u306f\u682a\u6570\u3068\u682a\u4fa1\u3092\u6bd4\u4f8b\u7684\u306b\u5909\u3048\u308b\u3060\u3051\u3067\u3001\u682a\u4e3b\u306e\u5bcc\u3084\u6301\u5206\u6bd4\u7387\u306f\u5909\u308f\u308a\u307e\u305b\u3093\u3002<\/p>\n<ul>\n<li>\u5b9a\u671f\u914d\u5f53\u306f\u6210\u719f\u4f01\u696d\u3067\u591a\u304f\u3001\u914d\u5f53\u306e\u5b89\u5b9a\u7dad\u6301\u306f\u7d4c\u55b6\u9663\u306e\u81ea\u4fe1\u3092\u793a\u3059\u30b7\u30b0\u30ca\u30eb\u3002\u7279\u5225\u914d\u5f53\u3084\u6e05\u7b97\u914d\u5f53\u3082\u3042\u308b<\/li>\n<li>\u81ea\u793e\u682a\u8cb7\u3044\u306e\u7406\u7531\uff1a\u5272\u5b89\u306e\u30b7\u30b0\u30ca\u30eb\u30fb\u682a\u4fa1\u306e\u4e0b\u652f\u3048\u30fb\u8ca0\u50b5\u6bd4\u7387\u306e\u5909\u66f4\u3001\u5206\u914d\u306e\u91d1\u984d\u3068\u6642\u671f\u306e\u67d4\u8edf\u6027\u3001\u914d\u5f53\u8ab2\u7a0e\u304c\u91cd\u3044\u5e02\u5834\u3067\u306e\u7a0e\u52b9\u7387\u3001\u30b9\u30c8\u30c3\u30af\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u884c\u4f7f\u306b\u3088\u308b\u682a\u6570\u5897\u3078\u306e\u5bfe\u5fdc\u3001EPS\u306e\u5f15\u4e0a\u3052<\/li>\n<li>\u8cb7\u3044\u623b\u3057\u305f\u682a\u5f0f\u306f\u914d\u5f53\u3001\u8b70\u6c7a\u6a29\u3001EPS\u8a08\u7b97\u306e\u5bfe\u8c61\u5916<\/li>\n<li>\u682a\u5f0f\u914d\u5f53\uff08bonus issue\uff09\uff1a\u65b0\u682a\u3092\u4ea4\u4ed8\u3059\u308b\u304c\u3001\u4fa1\u5024\u3082\u6301\u5206\u6bd4\u7387\u3082\u5909\u308f\u3089\u305a\u30a4\u30f3\u30ab\u30e0\u3067\u306f\u306a\u3044<\/li>\n<li>\u682a\u5f0f\u5206\u5272\uff1a\u53d6\u5f15\u306b\u9069\u3057\u305f\u682a\u4fa1\u6c34\u6e96\u306e\u7dad\u6301\u3002\u682a\u5f0f\u4f75\u5408\uff1a\u53d6\u5f15\u6240\u306e\u6700\u4f4e\u682a\u4fa1\u8981\u4ef6\u306e\u5145\u8db3\u3084\u3001\u518d\u5efa\u5c40\u9762\u3067\u306e\u682a\u4fa1\u6c34\u6e96\u306e\u8abf\u6574<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u914d\u5f53\u652f\u6255\u3044\u306e\u6642\u7cfb\u5217<\/h3>\n<p>\u53d6\u7de0\u5f79\u4f1a\uff08\u5fc5\u8981\u306b\u5fdc\u3058\u3066\u682a\u4e3b\uff09\u306e\u6c7a\u8b70\u5f8c\u3001<strong>\u5ba3\u8a00\u65e5\u2192\u6a29\u5229\u843d\u3061\u65e5\u2192\u57fa\u6e96\u65e5\u2192\u652f\u6255\u65e5<\/strong>\u306e\u9806\u306b\u9032\u307f\u307e\u3059\u3002\u6a29\u5229\u843d\u3061\u65e5\u4ee5\u964d\u306e\u8cb7\u3044\u624b\u306f\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308c\u306a\u3044\u305f\u3081\u3001\u4ed6\u306e\u6761\u4ef6\u304c\u540c\u3058\u306a\u3089\u682a\u4fa1\u306f\u305d\u306e\u65e5\u306b\u914d\u5f53\u984d\u3060\u3051\u4e0b\u843d\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5ba3\u8a00\u65e5\uff08declaration date\uff09\uff1a\u914d\u5f53\u984d\u306a\u3069\u3092\u516c\u8868<\/li>\n<li>\u6a29\u5229\u843d\u3061\u65e5\uff08ex-dividend date\uff09\uff1a\u914d\u5f53\u306a\u3057\u3067\u53d6\u5f15\u3055\u308c\u308b\u6700\u521d\u306e\u65e5<\/li>\n<li>\u57fa\u6e96\u65e5\uff08record date\uff09\uff1a\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308b\u682a\u4e3b\u3092\u78ba\u5b9a\u3059\u308b\u65e5\u3002\u6a29\u5229\u843d\u3061\u65e5\u3068\u306e\u9593\u9694\u306f\u53d6\u5f15\u306e\u6c7a\u6e08\u671f\u9593\u306b\u3088\u3063\u3066\u6c7a\u307e\u308b<\/li>\n<li>\u652f\u6255\u65e5\uff08payment date\uff09\uff1a\u914d\u5f53\u3092\u682a\u4e3b\u306b\u9001\u91d1<\/li>\n<li>\u6a29\u5229\u843d\u3061\u65e5\u306e\u682a\u4fa1\u5909\u5316\uff1d\u22121\u682a\u5f53\u305f\u308a\u914d\u5f53\uff0b\u5e02\u5834\u5168\u4f53\u306e\u5909\u5316\uff0b\u4f01\u696d\u56fa\u6709\u306e\u5909\u5316<\/li>\n<\/ul>\n<h3>LOS 3\uff1a\u4fa1\u683c\u30ea\u30bf\u30fc\u30f3\u3068\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3<\/h3>\n<p>\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u306f\u3001<strong>\u682a\u4fa1\u306e\u5024\u4e0a\u304c\u308a\uff08\u5024\u4e0b\u304c\u308a\uff09<\/strong>\u3068<strong>\u73fe\u91d1\u914d\u5f53<\/strong>\u304b\u3089\u6210\u308a\u307e\u3059\u3002\u682a\u5f0f\u5206\u5272\u306a\u3069\u304c\u3042\u308c\u3070\u682a\u6570\u30681\u682a\u5f53\u305f\u308a\u914d\u5f53\u3092\u305d\u308d\u3048\u3066\u8a08\u7b97\u3057\u3001\u914d\u5f53\u3092\u518d\u6295\u8cc7\u3059\u308b\u5834\u5408\u306f\u8ffd\u52a0\u53d6\u5f97\u3057\u305f\u682a\u6570\u3092\u53cd\u6620\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u7121\u914d\u682a\uff1a\u4fa1\u683c\u30ea\u30bf\u30fc\u30f3\u306e\u307f r \uff1d\uff08P\u2081 \u2212 P\u2080\uff09\u00f7 P\u2080<\/li>\n<li>\u914d\u5f53\u8fbc\u307f\uff1ar \uff1d\uff08P\u2081 \u2212 P\u2080 \uff0b D\u2081\uff09\u00f7 P\u2080<\/li>\n<li>\u682a\u5f0f\u5206\u5272\u30fb\u4f75\u5408\u306f\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u306b\u5f71\u97ff\u3057\u306a\u3044\uff08\u4fa1\u683c\u3068\u914d\u5f53\u3092\u540c\u3058\u6bd4\u7387\u3067\u8abf\u6574\uff09<\/li>\n<li>\u914d\u5f53\u518d\u6295\u8cc7\uff1a\u914d\u5f53\u652f\u6255\u65e5\u306e\u682a\u4fa1\u3067 D \u00f7 P \u682a\u3092\u8ffd\u52a0\u53d6\u5f97\u3057\u3001\u671f\u672b\u306e\u4fdd\u6709\u682a\u5f0f\u306e\u4fa1\u5024\u3067\u8a08\u7b97<\/li>\n<li>\u7406\u8ad6\u682a\u4fa1\uff1d\u671f\u5f85\u914d\u5f53\u306e\u73fe\u5728\u4fa1\u5024\uff0b\u4fdd\u6709\u671f\u9593\u672b\u306e\u671f\u5f85\u58f2\u5374\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3 r \uff1d\uff08P\u2081 \u2212 P\u2080 \uff0b D\u2081\uff09\u00f7 P\u2080<\/div>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/present1\/\" target=\"_blank\" rel=\"noopener\">Level 1 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-equity-lm3\/\">LM3 Equity Issuance and Trading\uff08\u682a\u5f0f\u306e\u767a\u884c\u3068\u53d6\u5f15\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-equity-lm5\/\">LM5 Introduction to Equity Valuation\uff08\u682a\u5f0f\u8a55\u4fa1\u5165\u9580\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l1-equity\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 1 Equities\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 1 Equities LM4\u300cSources of Equity Returns\uff08\u682a\u5f0f\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[98],"tags":[],"class_list":["post-11268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level1-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=11268"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11268\/revisions"}],"predecessor-version":[{"id":11314,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11268\/revisions\/11314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11269"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=11268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=11268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=11268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}