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The Impact of the Gross Book-to-market Ratio in REITs, and Corporate Reactions to PBGC Variable Rate Premium Increases
Henning, Craig (2023-04-24)
The first two essays explore the usefulness of the gross book-to-market ratio in equity REITs.
The first essay shows that the traditional calculation of the market-to-book (and book-to-market)
ratio is flawed. We show ...