Discuss the tradeoff between dividends and growth; elaborate on the use and limitations of the dividend discount

Question:

Discuss the tradeoff between dividends and growth; elaborate on the use and limitations of the discount model.
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...