Question 1. Implementing a dividend valuation model to determine the value of the common shareholders' equity requires an analyst to measure three elements. Discuss what three elements need to be measured by the analyst.
Question 2. Under the assumption of clean surplus accounting how would you compute total dividends paid to common equity-holders in order to value the firm?
Question 3. Starting with free cash flows from operations discuss how an analyst would measure free cash flows to common equity shareholders.