Question: Metroplex Corporation will pay a $4.60 per share dividend next year. The company pledges to increase its dividend by 3.60 percent per year indefinitely. If

Metroplex Corporation will pay a $4.60 per share dividend next year. The company pledges to increase its dividend by 3.60 percent per year indefinitely.

If you require an 6.60 percent return on your investment, how much will you pay for the company's stock today?

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