Explaining Prices Relative to NOA and RNOA Summary information for RNOA, NOA growth, price per NOA dollar for a sample of 300 companies follows. Can you explain the behavior in companies’ prices from the data provided?

Number of companies Median RNOA from year t????1 to year t Median % growth in NOA from year t????1 to year t Price per dollar of NOA at end of year t 1????0 . . . . . . . . . . . . . . . . . . . 20% ????????????% 1.80 1????0 . . . . . . . . . . . . . . . . . . . 20% ????????% 2.10