M2 Chuckys has yet to pay a dividend, but in spring2018 it announced it would repurchase $8.5billion worth of shares over the year. (, the exactamount was 38,589,869,056-- known as aperfect number because it is equal to the sumof its divisors). If the amount spent on sharerepurchases were expectedto grow by 7.5% per year, and Chuckys equitycost of capital is 8.3%, estimate Chuckysmarket capitalization.Alphabet has 728 million shares outstanding whatstock price does this correspond to. What is theprice per share? (Round answer 3 decimals)

Share Repurchase: Share repurchase also known as buyback refers to the decision made by the company…

Answered: stock price does this correspond to.…

Business

Finance

stock price does this correspond to. What is the price per share? (Round answer 3 decimals)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 15P

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