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Net revenue $25,000,000 Less: Operating expenses 9,800,000 Depreciation and amortization 4,400,000 Income from operations 10,800,000 Less: Interest expense 1,280,000 Net income $9,520,000 Consider the financial
Net revenue | $25,000,000 |
Less: |
|
Operating expenses | 9,800,000 |
Depreciation and amortization | 4,400,000 |
Income from operations | 10,800,000 |
Less: |
|
Interest expense | 1,280,000 |
Net income | $9,520,000 |
Consider the financial statements for a REIT, given above (and assuming no major book/tax differences), in order for the REIT to maintain its tax exempt status, what is the minimum dividend it must pay per share? Ch21
a. | $8.00 per share | |
b. | $8.57 per share | |
c. | $9.52 per share | |
d. | $10.80 per share |
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