Tbc paid its first dividend of 2 per share in the third


Terra-Bit Corp. (TBC) has 10 million shares of common stock that are currently selling for $57 per share. These shares were issued three years ago at a price of $12 per share 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.?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Tbc paid its first dividend of 2 per share in the third
Reference No:- TGS02673088

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)