Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alphabet (GOOGL) has yet to pay a dividend, but in spring 2018 it announced it would repurchase 38 bilion worth of shares over the year.

image text in transcribed
Alphabet (GOOGL) has yet to pay a dividend, but in spring 2018 it announced it would repurchase 38 bilion worth of shares over the year. (Actually, the exact amount was $8.589,000.056-known as a "perfect number because it is equal to the sum of its divisors), the amount spent on share repurchases were expected to grow by 60% per year, and that's equity bit of capital is estimate Alphabets market capitalization Alphabet has 003 million shares outstanding, what stock price does this correspond to? The share pncess (Round to the nearest cerit)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Course In Derivative Securities

Authors: Kerry Back

2005th Edition

3540253734, 978-3540253730

More Books

Students also viewed these Finance questions

Question

Show the properties and structure of allotropes of carbon.

Answered: 1 week ago

Question

What do you think of the MBO program developed by Drucker?

Answered: 1 week ago