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You expect KT industries ( KTI ) will have earnings per share of $ 3 this year ( one yr from now ) and expect

You expect KT industries (KTI) will have earnings per share of $3 this year ( one yr from now) and expect that they will pay out 75% of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 15% and their equity cost of capital is 12%. The value of share stock is closest to: A27.27 B33.33 C29.30 D26.97

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