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6. Residual Income Model (RIM). What is it? Define it and explain when it is used. a. Find the price of Kirk Co. shares using

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6. Residual Income Model (RIM). What is it? Define it and explain when it is used. a. Find the price of Kirk Co. shares using the RIM Model and the data below. EPS. = $1.20 DIV = 0 Bo = $5.886 g=0.09 k = .13 EPS (1+g)-B, xk P.-B. + K-9 or EPS, -B, xg K-9 Earnings per share at time 0, EPS, Book value per share at time 0, B. Earnings growth rate, & Discount rate, k

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