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Miles Hardware has an annual cash dividend policy that raises the dividend each year by10%. Last year's dividend,Div0,was $1.55per share. Investors want a return of
Miles Hardware has an annual cash dividend policy that raises the dividend each year by10%. Last year's dividend,Div0,was $1.55per share. Investors want a return of 17% on this stock. What is the stock's price if a. the company will be in business for 10 years and not have a liquidating dividend? b.the company will be in business for 20 years and not have a liquidating dividend? c. the company will be in business for 30 years and not have a liquidating dividend? d. the company will be in business for 35 years and not have a liquidating dividend? e. the company will be in business for 80 years and not have a liquidating dividend? f.the company will be in business forever
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