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Homework answers / question archive / Tato Co
Tato Co. plans the following repurchases, $9.5 million in one year, nothing in two yeais, and $192 million in three years. After that, it will stop repurchasing and will issue dividends totaling $25 million in four ye: total paid in dividends is expected to increase by 3.5% per year thereafter. If Toto has 24 million shares outstanding and an equity cost of capital of 11.4%, what is its price per share today?
The stock price will be $?. (Round to the nearest cent.)
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