Problem 28 Intro Pro Build Inc. has had a net income of $16 million in...
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Accounting
Problem 28
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 50% of net income as dividends and has 6 million shares of common stock outstanding. The required return is 12%.
Part 1
What is the intrinsic value of the stock?
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You can see the logs in the Dashboard.