Business, 09.12.2021 15:30 miriammayo12345
Alphabet (GOOGL) has yet to pay a dividend, but in spring 2018 it announced it would repurchase billion worth of shares over the year. (Actually, the exact amount was 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 per year, and Alphabet's equity cost of capital is , estimate Alphabet's market capitalization. If Alphabet has million shares outstanding, what stock price does this correspond to?
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Alphabet (GOOGL) has yet to pay a dividend, but in spring 2018 it announced it would repurchase bill...
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