please help andwer the problem 9%, 10.8 of 120 p...
70.2K
Verified Solution
Link Copied!
Question
Finance
please help andwer the problem
9%, 10.8 of 120 p P 7-23 (similar to) Question Help Zoom Enterprises expects that one year from now it will pay a total dividend of $47 million and repurchase $4.7 million worth of shares. It plans to spend 59.4 milion on dividends and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases Zoom's equity cost of capital is 13 5% and it has 52 million shares outstanding, what is its share price today? The price per share is $. (Round to the nearest cent)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
