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You expect KT industries (KTI) will have earnings per share of $5 this year and expect that they will pay out 51.25 of these earnings

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You expect KT industries (KTI) will have earnings per share of $5 this year and expect that they will pay out 51.25 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 10%. The value of a share of KTI's stock today is closest to -560.00 -$40.00 $100.00 -$120.00 Question 5 of 255

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