How much will you pay for the company stock today

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Reference no: EM132074062

Metroplex Corporation will pay a $4.30 per share dividend next year. The company pledges to increase its dividend by 7.10 percent per year indefinitely.

Required:

If you require an 15.00 percent return on your investment, how much will you pay for the company's stock today?

Reference no: EM132074062

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