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MMM Inc. has an annual cash dividend policy that raises the dividend each year by 14.00%. Last year's dividend was $1.65 per share. Investors want
MMM Inc. has an annual cash dividend policy that raises the dividend each year by 14.00%. 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)?
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