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an all equity firm had a dividend You expect KT industries (KTU) wil have earnings per share of $5 this year and expect that they

an all equity firm had a dividend
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You expect KT industries (KTU) wil have earnings per share of $5 this year and expect that they will pay out $2.50 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 14% and their equity cost of capital is 11%. The value of a share of KTI's stock today is closest to $75.00 537.50 12.50

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