If your company pays no dividends but spent $4 million on stock buybacks last year. If your company's cost of equity is 8%, the amount spent on buyouts is expected to grow by 5% next year. If your company has 8 million shares outstanding, what is the price per share of the company?

Answer rating: 100% (QA)

Current price of stock 1667 Stepbystep explanation Value of shares repurchased 400... View the full answer