%0 Journal Article
%J Journal of Economics and Finance Education
%D 2007
%T Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning
%A Brooks,Raymond
%A Yang,Jimmy
%K Finance
%X The Dividend Growth Model is a standard pedagogical tool in pricing stocks where the dividend grows at a constant rate. However, few dividend policies conform to this restrictive pattern and therefore the model is often quickly discarded in finance classes. The constant growth assumption of a cash flow stream fits well with other financial problems such as saving for a college education or contributions to a pension plan. This paper presents a couple of applications for the Dividend Growth Model plus an extension to the model and belies the adage: you can’t teach an old dog new tricks.
%B Journal of Economics and Finance Education
%V 6
%P 65-73
%8 2007
%G eng
%N 2
%2 a
%4 2658555905
%$ 2658555905