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e. 996? Stock price. Miles Hardware has an annual cash dividend policy that raises the dividend each year by 3%. Last year's dividend was $1.00

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e. 996? Stock price. Miles Hardware has an annual cash dividend policy that raises the dividend each year by 3%. Last year's dividend was $1.00 per share. Inves- tors want a 15% return on this stock. What is the stock's price if the company will be in business a. for five years and not have a liquidating dividend (final cash payment)? b. for fifteen years and not have a liquidating dividend? c. for twenty-five years and not have a liquidating dividend? d. for thirty-five years and not have a liquidating dividend? e. for seventy-five years and not have a liquidating dividend? f. forever

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