Question: Save Homework: Chapter 7 Homework Problems Score: 0 of 1 pt 17 of 17 (15 complete) > HW Score: 82.35%, 14 of 1 7 pts

Save Homework: Chapter 7 Homework Problems Score: 0 of 1 pt 17 of 17 (15 complete) > HW Score: 82.35%, 14 of 1 7 pts Question Help P 7-26 (similar to Suppose Compco Systems pays no dividends but spent $4.84 billion on share repurchases last year. If Compco's equity cost of capital is 1 1.1%, and if the amount spent on repurchases is expected to grow by 7.9% per year, estimate Compo's market capitalization. If Compco has 6.3 billion shares outstanding, to what stock price does this correspond? Compoo's market capitalization will be S billion. (Round to two decimal places.)

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