deletions | additions       diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex  index e0f143f..f4bc855 100644  --- a/section_textit_DDM_textit_RIM__.tex  +++ b/section_textit_DDM_textit_RIM__.tex 
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growth while the \textit{RIM} shows that the $PB-ROE$ relationship is a trade-off between the  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.Finally, the term $(ROE_{t+1}-R)$ reflects the ability for the firm to create value. Is If  a firm is able to create value, its \textit{PB} will be above 1. \\  \\  As a conclusion to this section, hereafter are the important ideas we wish to highlight before moving on to the cash-flow approach :