Suppose Compco Systems pays no dividends but spent $5.07 billion on share repurchases last year....
60.1K
Verified Solution
Link Copied!
Question
Finance
Suppose Compco Systems pays no dividends but spent $5.07 billion on share repurchases last year. If Compco's equity cost of capital is 12.4%, and if the amount spent on repurchases is expected to grow by 8.2% per year, estimate Compco's market capitalization. If Compco has 5.7 billion shares outstanding, to what stock price does this correspond? Compoo's market capitalization will be $billion (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer 1 Part remaining Clear All Check
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!
