Pascal PIERRE edited section_textit_DDM_textit_RIM__.tex  about 6 years ago

Commit id: 07d19e8669fbf18fa54bb508d9c20b773bbd8316

deletions | additions      

       

\begin{equation}  \P_{t}=\frac{D_{t+1}}{(R-g}  \P_{t}=\frac{\ro E_{t+1}}{(R-g}  \end{equation}  The \textit{GGM}  shows that the market value of equities is a trade-off between the discount rate and future