Corporate Fianance-(Vol 3), page 60: Residual Income. Can anyone, please, tell/show me how the required rate of return (equity) of 15% was calculated/derived (from the lengthy example starting from page 57)?
Corporate Fianance-(Vol 3), page 60: Residual Income. Can anyone, please, tell/show me how the required rate of return (equity) of 15% was calculated/derived (from the lengthy example starting from page 57)?