How much will you pay for the company stock today

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Reference no: EM131077891

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

Reference no: EM131077891

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