Question: P 7-26 (similar to) Question Help v Suppose Compco Systems pays no dividends but spent $4.82 billion on share repurchases last year. If Compco's equity

P 7-26 (similar to) Question Help v Suppose Compco Systems pays

P 7-26 (similar to) Question Help v Suppose Compco Systems pays no dividends but spent $4.82 billion on share repurchases last year. If Compco's equity cost of capital is 12.3%, and if the amount spent on repurchases is expected to grow by 8.3% per year, estimate Compco's market capitalization. If Compco has 6.2 billion shares outstanding, to what stock price does this correspond

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