The ajax company currently pays dividend of 200 per share, Ask an Expert

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The Ajax Company currently pays dividend of $2.00 per share on its common shares and its current earnings are $3.00. The company has a sustainable ROE of 12 percent and the payout ratio is considered to be stable at current levels. If Ajax common shares are currently selling at $25 per share, estimate Ajax's cost of equity capital.

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Category:- Basic Finance
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