Briefly describe the dividend valuation model and the three versions of this model. Explain how CAPM fits

Question:

Briefly describe the valuation model and the three versions of this model. Explain how CAPM fits into the DVM.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...