deletions | additions       diff --git a/section_textit_DDM_textit_RIM__.tex b/section_textit_DDM_textit_RIM__.tex  index 7d5ccb7..7451ec4 100644  --- a/section_textit_DDM_textit_RIM__.tex  +++ b/section_textit_DDM_textit_RIM__.tex 
...
P_{t}=B_{t}+\frac{1}{(1+R-\omega})A_{t+1}  \end{equation}  \begin{equation}  P_{t}=B_{t}+\frac{1}{(1+R-\omega})(E_{t+1}-RB_{t}) P_{t}=B_{t}+\frac{1}{(1+R-\omega)}(E_{t+1}-RB_{t})  \end{equation}  Dividing the value by the current book value leads to the following relation between price to  book and return on equity :  \begin{equation}  P_{t}=1+\frac{1}{(1+R-\omega})(ROE_{t+1}-R) \frac{P_{t}}{B_{t}}=1+\frac{1}{(1+R-\omega)}(ROE_{t+1}-R)  \end{equation}