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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 $1.00 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 $1.00 of these earnings to shareholders in the form of a dividend. KTl's return on new investments is 15% and their equity cost of capital is 13%. The value of a share of KTI's stock is closest to: O A. $100.00 OB. $120.00 O C. $60.00 OD. $40.00

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