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Miles Hardware has an annual cash dividend policy that raises the dividend each year by 3%. Last years dividend was $1.00 per share. Investors want

Miles Hardware has an annual cash dividend policy that raises the dividend each year by 3%. Last years dividend was $1.00 per share. Investors want a 15% return on this stock. What is the stocks price if

a. the company will be in business for 5 years and not have a liquidating dividend?

b. the company will be in business for 15 years and not have a liquidating dividend?

c. the company will be in business for 25 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 75 years and not have a liquidating dividend?

f. forever?

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