Pro Build Inc. has had a net income of $16 million in its most recent year. Net
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Question:
Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per year. The firm always pays out 10% of net income as dividends and has 2 million shares of common stock outstanding. The required return is 12%.
Attempt 1/1 Part 1 What is the intrinsic value of the stock?
Related Book For
Probability and Statistics for Engineering and the Sciences
ISBN: 978-1305251809
9th edition
Authors: Jay L. Devore
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