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i have the answer to this question, i just need to see the steps on how to get the answer. The answer given to me
i have the answer to this question, i just need to see the steps on how to get the answer. The answer given to me is $65.12 
8. You expect KT industries (KTI) will have earnings per share of $4 this year and expect that they will pay out $1.75 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 13% and their equity cost of capital is 10%. The value of a share of KTI's stock today is closest to Step by Step Solution
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
