A REIT has an NOI of $15 per share and currently pays a dividend of $10 per share. The dividend is projected to increase by 4 percent by next year and continue to increase by 4 percent per year thereafter. Assuming that the blended cap rate is 9.75 percent and the required rate of return is 10.5 percent, what value would the Gordon Dividend Discount Model provide?

A) $60.15

B) $71.89

C) $153.85

D) $160.00

A REIT has an NOI of $15 per share and currently pays a dividend of $10 per share. The dividend is projected to increase by 4 percent by next year and continue to increase by 4 percent per year thereafter. Assuming that the blended cap rate is 9.75 percent and the required rate of return is 10.5 percent, what would the net asset value (NAV) of the REIT be?

A) $60.15

B) $71.89

C) $153.85

D) $160.00

A REIT with 100 shares outstanding earns $1,000 in rent and incurs operating expenses of $400. In addition, the REIT owns property with an historic cost of $6,000 and depreciates it over a 15-year period using straight-line depreciation. At the very least, what dividend payment must it make to maintain its tax-exempt status?

A) $1.80/share

B) $2.00/share

C) $3.60/share

D) $5.40/share

please give me the detailed processes and answers thanks