Tolo co plans the following repurchases 96 million in one, Ask an Expert

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Tolo Co. plans the following repurchases: $9.6 million in one year, nothing in two years, and $20.3 million in three years. After that, it will stop repurchasing and will issue dividends totaling $26 million in four years. The total paid in dividends is expected to increase by 3.1% per year thereafter. If Tolo has 2 million shares outstanding and an equity cost of capital of 11.1%, what is the price per share today?

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Financial Management, Finance

Category:- Financial Management
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