deletions | additions       diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex  index e27ac33..51c215f 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:  \begin{equation}  P_{t}=\displaystyle\sum_{i=1}^{\infty}\frac{D_{t+i}}{(1+R)^i}\approx\frac{D_{1}}{R-g}  \end{equation}  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