Question: Question Help Suppose Compco Systems pays no dividends but spent $5.04 billion on share repurchases last year. If Compco's equity cost of capital is 125%,
Question Help Suppose Compco Systems pays no dividends but spent $5.04 billion on share repurchases last year. If Compco's equity cost of capital is 125%, and if the amount spent on repurchase is expected to grow by 7.3% per year, estimate Compco's market capitalization It Compco bus 5.7 bilion shares outstanding, to what stock pace does this correspond? Compo's market capitalization will be s billion (Round to two decimal places)
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