Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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
indefi nitely. If you require an 11 percent return on your investment, how much will
you pay for the company’s stock today?
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