Question: Suppose Compco Systems pays no dividends but spent $ 5 . 1 3 billion on share repurchases last year. If Compco's equity cost of capital

Suppose Compco Systems pays no dividends but spent $ 5.13 billion on share repurchases last year. If Compco's equity cost of capital is 12.2%, and if the amount spent on repurchases is expected to grow by 7.4% per year, estimate Compco's market capitalisation. If Compco has 5.8 billion shares outstanding, to what share price does this correspond?
 Suppose Compco Systems pays no dividends but spent $ 5.13 billion

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