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Metroplex corporation will pay a $3.20 per share dividend next year. The company pledges to increase its dividend by 5.40 percent per year indefinitely. required:

Metroplex corporation will pay a $3.20 per share dividend next year. The company pledges to increase its dividend by 5.40 percent per year indefinitely.

required: If you require an 10.60 percent return on your investment, how much will you pay for the company's stock today?

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