Metroplex corporation will pay a 270 per share dividend, Financial Management

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Metroplex corporation will pay a 270 per share dividend

Metroplex Corporation will pay a $2.70 per share dividend next year. The company pledges to increase its dividend by 4.40 percent per year indefinitely. Required: If you require an 7.30 percent return on your investment, how much will you pay for the company's stock today?

$89.38 $93.10 $96.83 $22.10 $89.18

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Financial Management: Metroplex corporation will pay a 270 per share dividend

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Financial Management: Metroplex corporation will pay a 270 per share dividend

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