Business, 05.05.2020 17:18 alexisdiaz365

Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capital is 13% and the amount spent on repurchases is expected to grow by 5% per year. Taggart currently has 2 billion shares outstandingA. $25.00

B. $12.50

C. $15.40

D. $20.00

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Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Tag...