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Question Help Suppose Amazon.com Inc. pays no dividends but spent $ 2.84 billion on share repurchases last year. If Amazon's equity cost of capital is

Question Help

Suppose Amazon.com Inc. pays no dividends but spent $ 2.84 billion on share repurchases last year. If Amazon's equity cost of capital is 7.9 % and if the amount spent on repurchases is expected to grow by

6.2 % per year, estimate Amazon's market capitalization. If Amazon has 459 million shares outstanding, what stock price does this correspond to.

Estimate Amazon's market capitalization.

Please help with the following formula:

Amazon's market capitalization is $_______ billion.(Round to two decimals places.)

If Amazon has 459 million shares outstanding, what stock price does this correspond to?

The stock price per share is $__________. (round to the nearest cent.

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