Miles Hardware has an annual cash dividend policy that raises the dividend each year by 14%. Last year's dividend, Divo.

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Miles Hardware Has An Annual Cash Dividend Policy That Raises The Dividend Each Year By 14 Last Year S Dividend Divo 1 (26.58 KiB) Viewed 11 times

Miles Hardware has an annual cash dividend policy that raises the dividend each year by 14%. Last year's dividend, Divo. was $1.40 per share. Investors want a return of 16% 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 20 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 40 years and not have a liquidating dividend? e. the company will be in business for 85 years and not have a liquidating dividend? f. the company will be in business forever? a. What is the price of this stock if the company will be in business for 5 years and not have a liquidating dividend?