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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 $1.25 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 $1.25 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 14%. The expected growth rate for KTI's dividends is closest to

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