LAMBY company has a dividend cover of 2.5 times and a price - earnings ratio...

LAMBY company has a dividend cover of 2.5 times and a price - earnings ratio of 5.5 on its ex-dividend share price. Assuming the annual growth rate in its shareholders funds due to retained earnings is estimated to be 6%.. what is the cost of equity capital if earnings per share is 2o kobo?

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