Miles Hardware has an annual cash dividend policy that raises the dividend each year by 10.00?%. Last? year's dividend was $1.45 per share. Investors want a 18?% return on this stock. What is the price of this stock if
a. 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)?
a. What is the price 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)?