AAMC - Google Sheets

	A	B	D	E	F
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2	ROA pre-tax	8%	Of	1.149064426
3	Interest rate	4%	RESI gets	1.028
4	Leverage	3	AAMC gets	$0.1211
5	ROE	16%	50/50 split threshold	1.149064426
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7		RESI
8	Shares outstanding	53,359,443
9	Book value	1,310,508,000
10	BVPS	24.5600015
11	Share price	11.38
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13	Pre-tax profit	$209,681,280
14	per share	$3.93
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16	High split amount	$2.78	RESI shareholders	AAMC share of RESI dividend
17			$2.42	$1.5113
18				$80,643,851	<-- incentive fees to AAMC
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21	What if AAMC issues more shares?
22	New shares issued	53,359,443
23	Issue price	$32.98
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25	New share count	106,718,886
26	New Book value	$3,070,302,430.14
27	BVPS	$28.77
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29	New pre-tax profit	$491,248,388.82
30	per share	$4.60
31
32	High split amount	$3.45	RESI shareholders	AAMC share of RESI dividend
33			$2.76	$1.8481
34				$197,230,617	<-- incentive fees to AAMC
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