Business
Business, 26.05.2021 02:50, tatia65

Shatin Intl. has million​ shares, an equity cost of capital of and is expected to pay a total dividend of million each year forever. It announces that it will increase its payout to shareholders. Instead of increasing its​ dividend, it will keep it constant and will start repurchasing million of stock each year as well. What is your estimate of​ Shatin's stock price after this​ announcement?

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Shatin Intl. has million​ shares, an equity cost of capital of and is expected to pay a total divide...

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