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Tolo Ca. plans the following repurchasos: $9.7 million in one year, nothing in two years, and $19.9 million in three years. After that, il will
Tolo Ca. plans the following repurchasos: $9.7 million in one year, nothing in two years, and $19.9 million in three years. After that, il will stop repurchasing and wil issue dividends totaling $25.6m increase by 2.6% per year thereater. If Tolo has 1.9 millon shares outstanding and an equity cost of capital of 11.3%, what is its price per share loday? The stock price will bes (Round to the nearest cent) and $19.9 million in three years. Ater that, it will stop repurchasing and will issue dividends totaling $25.6 million in four years. The total paid in dividends is expected to equity cost of capital of 11.3%, what is its price per share today
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