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MMM Inc. has an annual cash dividend policy that raises the dividend each year by 13.00% Last year's dividend was $1.65 per share. Investors want

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MMM Inc. has an annual cash dividend policy that raises the dividend each year by 13.00% Last year's dividend was $1.65 per share. Investors want a 17% return on this stock. What is the price today of this stock if the company will be in business for five years and not have a liquidating dividend (there is no selling price - stock simply cease to exist with no value then)? The price of this stock today is $ (Do not use $ signUso comes to separate thousands. Use two decimals. Round to the nearest cent) w you need further practice or have access to help tools for a problem the ea, do problem 87 in CN 7(can create a study guide ineluding this problem or try mo Penedice study guide created by professor in MFL)

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