this is for holding javascript data
Pascal edited section_textit_DDM_textit_RIM__.tex
almost 8 years ago
Commit id: 6f73408bb169a7b264b1c3a5c3ec821675c5be0d
deletions | additions
diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex
index e58040d..b877835 100644
--- a/section_textit_DDM_textit_RIM__.tex
+++ b/section_textit_DDM_textit_RIM__.tex
...
discount rate and the persistence rate. There is, thus, a close relationship between growth
and persistence of abnormal earnings. This is very intuitive since future abnormal earnings
drive investment which in turn drives growth in dividends.
\\
\\
As a conclusion to this section, hereafter are the important ideas we wish to highlight before moving on to the cash-flow approach :
$EV_{t}=\displaystyle\sum_{i=t+1}^{t+K}\frac{FCFF_i}{(1+R)^i}+EV_{t+K}$