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Metroplex Corporation will pay a $5.30 per share dividend next year. The company pledges to increase its dividend by 3.50 percent per year indefinitely. Required:

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Metroplex Corporation will pay a $5.30 per share dividend next year. The company pledges to increase its dividend by 3.50 percent per year indefinitely. Required: If you require an 11.30 percent return on your investment, how much will you pay for the company's stock today? $70.67 $67.95 $65.65 $65.23 $34.60

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