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Suppose Amazon.com Inc. pays no dividends but spent $2.83 billion on share repurchases last year. If Amazon's equity cost of capital is 7.6%, and if
Suppose Amazon.com Inc. pays no dividends but spent $2.83 billion on share repurchases last year. If Amazon's equity cost of capital is 7.6%, and if the amount spent on repurchases is expected to grow by 6.7% per year, estimate Amazon's market capitalization. If Amazon has 452 million shares outstanding, what stock price does this correspond to? Estimate Amazon's market capitalization. Amazon's market capitalization is $ billion. (Round to two decimal places.) If Amazon has 452 million shares outstanding, what stock price does this correspond to? The stock price per share is 5 (Round to the nearest cent.)
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