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Tsso (TSO) has yet to pay a dividend, but in spring 2018 it announced it would repurchase $8.5 billion worth of shares over the year.
Tsso (TSO) has yet to pay a dividend, but in spring 2018 it announced it would repurchase $8.5 billion worth of shares over the year. (Actually, the exact amount was 38,589,869,056-- known as a perfect number because it is equal to the sum of its divisors). If the amount spent on share repurchases were expected to grow by 7.5% per year, and Tsso equity cost of capital is 8.3%, estimate Tsso market capitalization.
If Tsso has 728 million shares outstanding what stock price does this correspond to?
- The share price is? (Round 3 decimal places)
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