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
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 30% of net income as dividends and has 4 million shares of common stock outstanding. The required return is 12%. Attempt 1/1 Part 1
What is the intrinsic value of the stock?
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Financial Institutions Management
Authors: Anthony Saunders
1st Edition
0256110565, 9780256110562
