Question
You expect KT industries (KTI) will have earnings per share of 6 this year and expect that they will pay out 2.5 of these earnings
You expect KT industries (KTI) will have earnings per share of 6 this year and expect that they will pay out 2.5 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 is closest to:
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
