deletions | additions       diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex  index de4c26f..8214274 100644  --- a/section_textit_DDM_textit_RIM__.tex  +++ b/section_textit_DDM_textit_RIM__.tex 
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$V_{t}=\displaystyle\sum_{i=1}^{K}\frac{C_{t+i}}{(1+R)^i}+V_{t+K}$  In other words, R is what you earn if you pay $V_{0}$, receive $C_{1}$,$C_{2}$, . . . $C_{K}$ and sell the asset at  $V_{K}$. The value of the asset when you sell it is the terminal value of the asset. This basic principle is at the root of many equity valuation models; the \textit{DDM} is the exact translation of this accounting principle where dividends are the revenues a shareholder is entitled to.  $EV_{t}=\displaystyle\sum_{i=t+1}^{t+K}\frac{FCFF_i}{(1+R)^i}+EV_{t+K}$  $P_{t}=\displaystyle\sum_{i=1}^{K}\frac{D_{t+i}}{(1+R)^i}+P_{t+K}$