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Metroplex Corporation will pay a $3.50 per share dividend next year. The company pledges to increase its dividend by 5.00 percent per year indefinitely. Required:
Metroplex Corporation will pay a $3.50 per share dividend next year. The company pledges to increase its dividend by 5.00 percent per year indefinitely. Required: If you require a 12.80 percent return on your investment, how much will you pay for the company's stock today? HINT: just find the present value of all future cash flows (growing perpetuity) based on your discount rate.
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