Question: Suppose Compco Systems pays no dividends but spent $ 4 . 9 3 billion on share repurchases last year. If Compco's equity cost of capital
Suppose Compco Systems pays no dividends but spent $ billion on share repurchases last year. If Compco's equity cost of capital is and if the amount spent on repurchases is expected to grow by per year, estimate Compco's market capitalisation. If Compco has billion shares outstanding, to what share price does this correspond?
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Part
Compcos market capitalisation will be $
enter your response here billion.Round to two decimal places.
Part
Compcos share price will be $
enter your response here. Round to the nearest cent.
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