Test

The Dividend Growth Model (Gordon-Shapiro):

Failed to parse (unknown function "\Large"): {\displaystyle \Large {Present\ Value} = \sum_{t=1}^{\infty}\frac{D_t}{(1+C_{equity})^t}}

The $C_{equity}={\frac {D_{1}}{P_{0}}}+g$

Where

• $P_{0}$ is the present value
• $D_{1}$ is the dividend
• $g$ is the growth rate