Question: can someone help me with this practice question i cant figure out how to solve it Zoom Enterprises expects that one year from now will
Zoom Enterprises expects that one year from now will pay a total dividend of $4.7 million and repurchase 54.7 million worth of shares. It plans to spend 594 milion on dividends and repurchases every year after that forever though it may not always be an even split between dividends and repurchases. If Zoom's equity cost of capital is 12.8% and it has 46 million shares outstanding, what its share price today The price per share is (Round to the nearest cent)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
