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Metroplex Corporation will pay a $2.10 per share dividend next year. The company pledges to increase its dividend by 5.10 percent per year indefinitely. Required:
| Metroplex Corporation will pay a $2.10 per share dividend next year. The company pledges to increase its dividend by 5.10 percent per year indefinitely. |
| Required: |
| If you require an 9.50 percent return on your investment, how much will you pay for the company's stock today? |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
