The net income of a publicly-traded company is currently


Question: The net income of a publicly-traded company is currently $120 million. A leading Wall Street financial analyst believes that the company's net income will continue to grow at a rate of 3 percent annually. There are 10 million shares outstanding. What is the analyst's best estimate of the company's share price if the relevant risk-adjusted interest rate remains at 6 percent for the foreseeable future?

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Finance Basics: The net income of a publicly-traded company is currently
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