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Metroplex Corporation will pay a $4.30 per share dividend next year. The company pledges to increase its dividend by 7.00 percent per year indefinitely. Required:
| Metroplex Corporation will pay a $4.30 per share dividend next year. The company pledges to increase its dividend by 7.00 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? |
| $24.36 | |
| $178.88 | |
| $172.00 | |
| $160.75 | |
| $165.12 |
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QFinance The Ultimate Resource
Authors: Various Authors
1st Edition
1849300003, 978-1849300001
