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Tolo Co. plans the following​ repurchases: $ 10.1 million in one​ year, nothing in two​ years,...

Tolo Co. plans the following​ repurchases: $ 10.1 million in one​ year, nothing in two​ years, and $ 20.7 million in three years. After​ that, it will stop repurchasing and will issue dividends totaling $ 25.6 million in four years. The total paid in dividends is expected to increase by 3.3 % per year thereafter. If Tolo has 1.9 million shares outstanding and an equity cost of capital of 10.6 %​, what is its price per share​ today?

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jeff jeffy answered 1 year ago
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