Tolo co plans the following repurchases 96 million in one


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?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Tolo co plans the following repurchases 96 million in one
Reference No:- TGS01406748

Expected delivery within 24 Hours