The valuation model which discounts expected dividends is widely accepted in the finance literature. Beyond some point a constant growth rate in expected dividends is assumed. The accepted specification of this growth rate involves a constant retention rate for earnings, and is valid under no...

Land rents are sometimes set at a fixed percentage of land value called the ground rental rate, with the land value periodically revised. Intuitively the frequency of revision should affect the appropriate rental rate. This paper derives the relationship between the rental rate and the frequency...