Question
A REIT has an NOI of $21 as share and currently pays a dividend of $31 a share. The dividend is projected to increase by
A REIT has an NOI of $21 as share and currently pays a dividend of $31 a share. The dividend is projected to increase by 3 percent by next year and continue to increase by 3 percent per year thereafter. Assuming that the required rate of return is 25 percent, what value would the Gordon Dividend Discount Model provide?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
