Company spends 318 billion on share repurchases last year


Company spends $3.18 billion on share repurchases last year. If the companies cost of capital is 7.8%, and the amount the company continues spend is expected to grow 6.4% per year. The company has 467 million shares outstanding.

1) The companies market capitalization is $______ billion (round two decimal places)

2) The stock price per share if $______ ( round to the nearest cent)

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Finance Basics: Company spends 318 billion on share repurchases last year
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