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

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Miles Hardware has an annual cash dividend policy that raises the dividend each year by 13%. Last year's dividend, Divo, was $1.35 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 10 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 25 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 75 years and not have a liquidating dividend? f. the company will be in business forever

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