Question
If your company pays no dividends but spent 4 million euros on share buybacks last year. If your company's cost of equity is 8%, and
If your company pays no dividends but spent 4 million euros on share buybacks last year. If your company's cost of equity is 8%, and the amount spent on buybacks is expected to grow by 5% next year. If your company has 8 million shares outstanding, what is the price per share of your company?
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Governing The Modern Corporation Capital Markets Corporate Control And Economic Performance
Authors: Roy C. Smith, Ingo Walter
1st Edition
0195171675,0199924015
