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You expect that KT Industries (KTI) will have earnings per share of $3 this year and that they will pay out $1.50 of these earnings

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You expect that KT Industries (KTI) will have earnings per share of $3 this year and that they will pay out $1.50 of these earnings to shareholders in the form of a dividend. KTI's retum on new investments is 15% and their equity cost of capital is 12%. The expected growth rate for KTI's dividends is closest to: O A 3.0% O B. 7.5% O C. 4.5% OD 6.0%

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