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2. Metroplex Corporation will pay a $5.80 per share dividend next year. The company pledges to increase its dividend by 6.20 percent per year indefinitely.
2.
| Metroplex Corporation will pay a $5.80 per share dividend next year. The company pledges to increase its dividend by 6.20 percent per year indefinitely. |
| Required: |
| If you require an 9.80 percent return on your investment, how much will you pay for the company's stock today? |
$154.67
$151.71
$167.56
$34.13
$161.11
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