1) pro build has net income of $16 million innits most recent year. net income is expected to grow by 3% per year. the firm always pays out 20% of net inc as dividend and has 6 million shares of common stock outstanding. the required return is 13%. what is the current stock price?

2) samsung just pid an annual dividend of $1.8. the company has a required return of 10%. if dividend are expected to be constant , what is the intrinsic value(fair price) of samsung stock?

you now think that dividend will grow by 5% from year to year. what is the intrinsic value of samsung stock?