Question
What is the fundamental price per share using residual income model and constant annuity growth formula such that the growth rate is the sustainable earnings
What is the fundamental price per share using residual income model and constant annuity growth formula such that the growth rate is the sustainable earnings growth rate?
Book value of assets = $50BN
Book value of debt = $45BN
Shares outstanding = 1BN
Sales = $10BN
Net Income = $0.5BN
Payout ratio of 50%
Required rate of return 10%
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
