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2.) Metroplex Corporation will pay a $3.70 per share dividend next year. The company pledges to increase its dividend by 7.60 percent per year indefinitely.

2.) Metroplex Corporation will pay a $3.70 per share dividend next year. The company pledges to increase its dividend by 7.60 percent per year indefinitely. Required: If you require an 12.40 percent return on your investment, how much will you pay for the company's stock today?

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