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Terra-Bit Corp. (TBC) has 10 million shares of common stock that are currently selling for $40 per share. These shares were issued three years ago
Terra-Bit Corp. (TBC) has 10 million shares of common stock that are currently selling for $40 per share. These shares were issued three years ago and represent the only shares the firm has issued to date. TBC has reported net income of $41 million; $87 million; and $132 million over the past three years. TBC paid its first dividend of $2 per share in the third year to its common shareholders. What is the market value added, MVA, for TBC Corp.?
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