deletions | additions       diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex  index 8ce2ef0..2112ba7 100644  --- a/section_textit_DDM_textit_RIM__.tex  +++ b/section_textit_DDM_textit_RIM__.tex 
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The Gordon Growth Model is a simple version of the DDM where it is assumed that  dividends will grow at a constant rate, duration of equity is infinite so that terminal value  is negligeable:  Pt =  .  .  i=1  Dt+i  (1 + R)i  .  D1  R  -  g  ,  where g is the expected constant dividend growth rate in perpetuity.This equation highlights  the fact that future returns are driven by the current valuation and future growth.  2