Newson corp is predicting net income of 50000 this year and


Newson Corp is predicting net income of $50,000 this year and expects this amount to increase by $4,000 every year into the future. If the 30-year government bonds are paying 6.5% and there are 100,000 shares outstanding, what is the present value of the future earnings?

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Financial Management: Newson corp is predicting net income of 50000 this year and
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