Finance homework: Tolo Co. plans these repurchases: $10m in 1 yr, $20m in 3 yrs,....

HB09

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. Tolo Co. plans the following repurchases: $10 million in one year, nothing in two years, and $20 million in three years. After that, it will stop repurchasing and will issue dividends totaling $25 million in four years. The total paid in dividends is expected to increase by 3% per year thereafter. If Tolo has 2 million shares outstanding and an equity cost of capital of 11%, what is its price per share today?
Very confuses and stuck! Help is appreciated
 
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. Tolo Co. plans the following repurchases: $10 million in one year, nothing in two years, and $20 million in three years. After that, it will stop repurchasing and will issue dividends totaling $25 million in four years.
Is that "in four years" from now, or in 4 years after the 3 years?

Looks like you should consult a financial guru!

Is that a classroom problem?
 
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