Question: please help i will upvote Suppose Compco Systems pays no dividends but spent $4.97 billion on share repurchases last year, If Compco's equily cost of
please help i will upvote
Suppose Compco Systems pays no dividends but spent $4.97 billion on share repurchases last year, If Compco's equily cost of capital is 12.6%, and if the amount spent on repurchases is expected to grow by 8.9% per year, estimate Compco's market capitalization. If Compoo has 5.6 billion shares outstanding, to what stock price does this correspond? Compco's market capitalization will be $ billion. (Round to two decimal places.)
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