Question: Same set-up as Question 16. Once you've calculated Lexington Ave's NOI, your investment team has decided that similar REITs are trading at an FFO multiple

Same set-up as Question 16. Once you've calculated Lexington Ave's NOI, your investment team has decided that similar REITs are trading at an FFO multiple of 6x. Lexington Ave has 80,000,000 (80 million) shares. What is Lexington Ave's expected share price via the FFO multiple method?

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