Question
Suppose a REIT pays out a dividend today of $5.00 and the projected dividend growth rate is 4%. The investor has a required rate of
Suppose a REIT pays out a dividend today of $5.00 and the projected dividend growth rate is 4%. The investor has a required rate of return/discount rate of 7%. According to the Gordon dividend discount model, what is the REIT's stock worth today?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
