sider a strip mall in Jackson Heights, Queens that recently sold for a cap rate of 8.29%. It's NOI in the following year is $350,000 and is expected to grow at an annual rate of 2%. What is the implied IRR on this investment for the owners of the mall according to the Gordon Growth Dividend Discount model? Write your answer in percent, but do not include the % sign (e.g. if you get 5.63898%, write 5.64).

sider a strip mall in Jackson Heights, Queens that recently sold for a cap rate of 8.29%. It's NOI in the following year is $350,000 and is expected to grow at an annual rate of 2%. What is the implied IRR on this investment for the owners of the mall according to the Gordon Growth Dividend Discount model? Write your answer in percent, but do not include the % sign (e.g. if you get 5.63898%, write 5.64).

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter13: Other Financing Alternatives

Section: Chapter Questions

Problem 1bM

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