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Business, 19.11.2019 00:31 live4dramaoy0yf9

You expect kt industries (kti) will have earnings per share of $3 this yearand expect that they will pay out $1.50 of these earnings to shareholders in the form of a dividend. kti's return on new investments is 15% and their equity cost of capital is 12%. the value of a share of kti's stock is closest to:
a) $39.25
b) $20.00
c) $33.35
d) $12.50

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