Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
M2
Transcribed Image Text:Chuckys has yet to pay a dividend, but in spring
2018 it announced it would repurchase $8.5
billion worth of shares over the year. (, the exact
amount was 38,589,869,056-- known as a
perfect number because it is equal to the sum
of its divisors). If the amount spent on share
repurchases were expected
to grow by 7.5% per year, and Chuckys equity
cost of capital is 8.3%, estimate Chuckys
market capitalization.
Alphabet has 728 million shares outstanding what
stock price does this correspond to. What is the
price per share? (Round answer 3 decimals)
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