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Suppose Compco Systems pays no dividends but spent 54.81 billion on share repurchases last year if Compco's equity cost of capital is 11.45, and it

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Suppose Compco Systems pays no dividends but spent 54.81 billion on share repurchases last year if Compco's equity cost of capital is 11.45, and it the arnocint spont an repurchases be expected to grow by 75% per yeat, estimata Compco's market caphalization. If Compco hies 64 billson shares outstanting to what sfock price does this correspond? 4 Compoos matket caplalization wai bet bition (Round to two de cimal piaces )

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