Metroplex Corporation will pay a $5.10 per share dividend next year. The company pledges to increase its dividend by 4.00 percent per year indefinitely.
If you require a 9.00 percent return on your investment, how much will you pay for the company's stock today?
A) $102.00
B) $106.08
C) $37.72
D) $98.08
E) $97.92