Metroplex corporation will pay a 304 per share dividend, Financial Management

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Metroplex corporation will pay a 304 per share dividend

Metroplex Corporation will pay a $3.04 per share dividend next year. The company pledges to increase its dividend by 3.8 percent per year indefinitely. If you require a return of 11 percent on your investment, how much will you pay for the company's stock today?

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Financial Management: Metroplex corporation will pay a 304 per share dividend

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