Question
Metroplex Corporation will pay a $4.70 per share dividend next year. The company pledges to increase its dividend by 6.00 percent per year indefinitely. Required:
Metroplex Corporation will pay a $4.70 per share dividend next year. The company pledges to increase its dividend by 6.00 percent per year indefinitely.
Required: If you require an 8.30 percent return on your investment, how much will you pay for the company's stock today?
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Project Finance in Theory and Practice
Authors: Stefano Gatti
2nd edition
978-9382291589, 123919460, 978-0124157538, 978-0123919465
