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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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