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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
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%. What is the value of a share of KTI's stock today? Show calculations
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
