Equity Dividend Rate [2103]

If net operating income is $45,000, annual debt service is $25,000, and the equity investment is $100,000, what is the equity dividend rate?  [2103]

Equity Dividend Rate = Equity Dividend / Equity Investment

Equity Dividend = $45,000 - $25,000 = $20,000

Equity Dividend Rate = $20,000 / $100,000 = 20%