$10)$ You expect KT Industries $($KTI$)$ will have earnings per share of $$3$ this year and expect that they will pay out $$1\mathrm{.}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 $12\%.$

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$(5$ pts$)$ What is the retention rate for KTI?

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$(5$ pts$)$ What is the earnings growth rate for KTI?

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$(5$ pts$)$ What is the price of a share of KTI stock?

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