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If you require an 1270 percent return on your investment

Metroplex Corporation will pay a $2.80 per share dividend next year. The company pledges to increase its dividend by 5.10 percent per year indefinitely.

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If you require an 12.70 percent return on your investment, how much will you pay for the company's stock today?

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Finance Basics: If you require an 1270 percent return on your investment

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Finance Basics: If you require an 1270 percent return on your investment

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