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  • 20-05-2023
  • Business
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You expect KT Industries (KTI) will have earnings per share of $3 this year and 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:

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