Suppose Amazon.com Inc. pays nodividends but spent $1.86 billion on share repurc

Suppose Amazon.com Inc. pays nodividends but spent $1.86 billion on share repurc.

Suppose Amazon.com Inc. pays nodividends but spent $1.86 billion on share repurchases last year. If Amazon’sequity cost of capital is 7.8%, and if the amount spent on repurchases isexpected to grow by 5.6% per year, estimate Amazon’s market capitalization. IfAmazon has 465 million shares outstanding, what stock price does thiscorrespond to?
Amazon’s market capitalization is$___ billion (round to two decimal places.)
The stock price per share is $______(round to the nearest cent.)

Suppose Amazon.com Inc. pays nodividends but spent $1.86 billion on share repurc

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