miles hardware has an annual cash dividend policy that raises the dividend each year by 11%

Score: 0 of 5 pts 4 I T of 11 (3 complete) v B HW Score: 212796, 15 of 55 pts P7-7 (similar '20) "Question Help Miles Hardware has an annual cash dividend policy that raises lhe dividend each year by 11%. Last year's dividend, Diva, was $1.35 per share. Investors want a return of 16% on A this storm, What is the stock's price if "999?? the company will be in business for 10 years and not have a liquidating dividend? the company will be in business for 15 years and not have a liquidating dividend? the company will be in business for 25 years and not have a liquidating dividend? the company will be in business for 35 years and not have a liquidating dividend? the company will be in business for 75 years and not have a liquidating dividend? lhe company will be in business lorever'? . What is the price of this stock if the company will be in business for 10 years and not have a liquidating dividend? $D (Round to the nearest cent) Enter your answer in the answer box and then click Check