OWidend net year rould have gown twice

Question $12$: Mad Max inc. has a dividend policy that increases annual dividends by $3\%$ each year. Iflast year's dividend was $$2\mathrm{.}50,$

the company intendito stary in business for $50$ years, and an investor wants a $11x$ retura, what would be the price of Mind Max stock?

trom Lastyear's elvildend. Make suse to use a

negative sile betore the Wiunction $F$ you

choose ts use kinstead of the mathenabcat

Refer probtem ypeS.C$.$G$.$A

formula.