Question
Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3%
Intro
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 60% of net income as dividends and has 3 million shares of common stock outstanding. The required return is 14%.
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The Money Markets Handbook A Practitioners Guide
Authors: Moorad Choudhry
1st Edition
0470821507, 978-0470821503
