Dividend discount model (DDM) is the simplest model for valuing equities in finance. Many analysts belived that DDM is …

This paper presents a bound on the variance of the price-dividend ratio and a decomposition of the variance of the … price-dividend ratio into components that reflect variation in expected future discount rates and variation in expected … future dividend growth. Unobserved discount rates needed to make the variance bound and variance decomposition hold are …

unconditional cross-sectional moments of household consumption growth and the moments of the risk-free rate, equity premium, price-dividend … ratio, and aggregate dividend and consumption growth. The model-implied risk-free rate and price-dividend ratio are …

The Dividend Discount return model (DDM) is a stock valuation tool used by many financial institutions. It is a natural … dividends. The dividend discount return is defined as the internal rate of return that equates current price to the discounted …

The traditional dividend discount model is irrelevant for financial analysts. It requires them to forecast an infinite …

premium, price-dividend ratio, and aggregate dividend and consumption growth. The model-implied risk free rate and price-dividend …