Do they ask this in IBD interviews?
Came across the dividend discount model and am having a hard trouble understanding what it exactly is and how it can be useful (seems like banks are applicable in this case). I've looked it up but I would love an explanation as to how it pertains to IBD and how much I need to know about it. What type of questions are asked about the DDM for IBD interviews?
It is used in valuing Banks and Financial Companies since the usual CGS driven valuation doesn't work as such.
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