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Pascal PIERRE edited section_textit_DDM_textit_RIM__.tex
about 6 years ago
Commit id: a87aae31ad2181b2ff8ef5f30fb68771c0c99ed1
deletions | additions
diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex
index bc223bb..e0f143f 100644
--- a/section_textit_DDM_textit_RIM__.tex
+++ b/section_textit_DDM_textit_RIM__.tex
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\end{equation}
where $g$ is the expected constant dividend growth rate to perpetuity.If we isolate future returns $R$, we get:
\begin{equation}
R=frac{D_{t+1}}{P_{t}}+g R=\frac{D_{t+1}}{P_{t}}+g
\end{equation}
This equation highlights the fact that future returns are driven by the current valuation and future growth.
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