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Alexas Corporation reports Earnings per share of $1.80, Dividends per share of $0.72 and year...

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Accounting

Alexas Corporation reports Earnings per share of $1.80, Dividends per share of $0.72 and year end Book value per share of $8.62. (7). If price-to-book ratio at the end of 2005 equals 1.00, and return on beginning of year equity is expected to remain constant, then cost of equity (to nearest percent) equals: A. 15%. B. 21%. C. 24%. D. Not determinable

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