Tolo co plans the following repurchases 104 million in one, Ask an Expert

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Tolo Co. Plans the following repurchases: $10.4 million in one year, nothing in two year, and $20.1 million in three years. After that, it will stop repurchasing and will issue dividends totaling $24.3 million in four years. The total paid in dividends is expected to increase by 3.2% per year thereafter. If Tolo has 2 million shares outstanding and an equity cost of capital of 11.2%, what is its price per share today?

The stock price will be $_____________

PLEASE CLEARLY STATE ANSWER

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Financial Management, Finance

Category:- Financial Management
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