Three-phase DDM

A version of the dividend discount model which applies a different expected dividend rate depending on a company's life-cycle phase, growth phase, transition phase, or maturity phase.

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DDM
The Mark from the former East Germany. First replaced by the Deusche Mark (DEM) and now the euro (EUR).

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Liquid asset

Asset that is easily and cheaply turned into cash - notably cash itself and short-term securities.


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