Alexas Corporation reports the following: Earnings per share Dividends per share Book value per share -...

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Alexas Corporation reports the following: Earnings per share Dividends per share Book value per share - at end of the year Analysts' expected earnings for Alexas for next two years are: 2016: $2.00 2017: $2.23 2015 $1.80 $0.72 $8.62 Cost of equity is 15%. Return on equity is expected to equal cost of equity from 2018 onwards. Dividend payout ratio is expected to remain the same for 2016 and 2017. Price per share at the end of 2015 would be closest to: Alexas Corporation reports the following: Earnings per share Dividends per share Book value per share - at end of the year Analysts' expected earnings for Alexas for next two years are: 2016: $2.00 2017: $2.23 2015 $1.80 $0.72 $8.62 Cost of equity is 15%. Return on equity is expected to equal cost of equity from 2018 onwards. Dividend payout ratio is expected to remain the same for 2016 and 2017. Price per share at the end of 2015 would be closest to:

Answer rating: 100% (QA)

Given data for 2015 Earnings per share EPS 180 Dividends per share 072 Book value per share 862 Expe... View the full answer