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Home / Questions / Suppose Compco Systems pays no dividends but spent $5.03 billion on share repurchases last year

Suppose Compco Systems pays no dividends but spent $5.03 billion on share repurchases last year

Suppose Compco Systems pays no dividends but spent $5.03 billion on share repurchases last year. If Compcos equity cost of c

Suppose Compco Systems pays no dividends but spent $5.03 billion on share repurchases last year. If Compco's equity cost of capital is 11.2%, and if the amount spent on repurchases is expected to grow by 7.1% per year, estimate Compco's market capitalisation. If Compco has 5.4 billion shares outstanding, to what share price does this correspond? Compco's market capitalisation will be $1 billion. (Round to two decimal places.) Compco's share price will be $ . (Round to the nearest cent.)

Jan 31 2020 View more View Less

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