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Pascal PIERRE edited section_textit_DDM_textit_RIM__.tex
almost 8 years ago
Commit id: a3faab4a00c76ffcb8a1946a08aa9dec81a06050
deletions | additions
diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex
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--- a/section_textit_DDM_textit_RIM__.tex
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\begin{equation}
P_{t}=B_{t}+\displaystyle\sum_{i=1}^{K}\frac{A_{t+i}}{(1+R)^i}
\end{equation}
Using similar mathematical simplification tools than the ones used in the Gordon Growth Model, we can simplify
Eq. 5 :
\begin{equation}
P_{t}=B_{t}+\frac{1}{(1+R-\omega)}A_{t+1}
\end{equation}