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Miles Hardware has an annual cash dividend policy that raises the dividend each year by 11​%....

Miles Hardware has an annual cash dividend policy that raises the dividend each year by 11​%. Last​ year's dividend, Div0​, was $1.50 per share. Investors want a return of 17​% on this stock. What is the​ stock's 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 30 years and not have a liquidating​ dividend?

d. the company will be in business for 50 years and not have a liquidating​ dividend?

e. the company will be in business for 90 years and not have a liquidating​ dividend?

f.  the company will be in business​ forever?

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jeff jeffy answered 6 months ago
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