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Mad Max Inc. has a dividend policy that increases annual dividends by 3 % each year. If last year's dividend was $ 2 . 5

Mad Max Inc. has a dividend policy that increases annual dividends by

3 %

each year. If last year's dividend was $

2.50,

the company intends to stay in business for

50

years, and an investor wants a

10 %

return, what would be the price of Mind Max stock?

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