1. The equity dividend rate's usefulness is limited because the analysis does not incorporate income tax considerations.
1) True
2) False
2. The equity dividend rate:
1) incorporates income tax considerations.
2) expresses before-tax cash flow as a percent of the required equity cash outlay.
3) expresses before-tax cash flow as a percent of the property's value or price.
4) expresses net operating income as a percent of the required equity cash outlay.