deletions | additions       diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex  index 2af4da6..62b772d 100644  --- a/section_textit_DDM_textit_RIM__.tex  +++ b/section_textit_DDM_textit_RIM__.tex 
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similarity between the \textit{PB-ROE} model and the Gordon Growth Model (\textit{GGM}). Recall that the \textit{GGM} is :   \begin{equation}  P_{t}=\frac{D_{t+1}}{(R-g)}  P_{t}=\frac{\ro E_{t+1}}{(R-g}  \end{equation}  Or,  \begin{equation}  P_{t}=\frac{\rho E_{t+1}}{(R-g}  \end{equation}  Where $\rho$ is the payout ratio.  The \textit{GGM}  shows that the market value of equities is a trade-off between the discount rate and future  growth while the \textit{RIM} shows that the market value of equities is a trade-off between the