Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. miles hardware has an annual cash dividend policy

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

80.2K

Verified Solution

Question

Finance

Miles Hardware has an annual cash dividend policy that raisesthe 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 aliquidating? dividend?

b.?the company will be in business for 15 years and not have aliquidating? dividend?

c.?the company will be in business for 30 years and not have aliquidating? dividend?

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

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

f.??the company will be in business? forever?

Answer & Explanation Solved by verified expert
4.3 Ratings (884 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Project L costs $40,055.10, its expected cash inflows are $9,000 per year for 9 years, and...

Statistics
1.2K views

A box contains 5 chips marked 1, 2, 3, 4, and 5. One chip is drawn...

Accounting
1.2K views

26) In December 2016, Shire Computer’s management establishes the 2017 predetermined overhead rate based on direct labor...

Geometry
1.2K views

9 ZRQS 40 Find the area shaded below Express your answer as a fraction times...

Geometry
1.2K views

61 66 Right triangle relationships Draw a right triangle to simplify the given expressions Assume...

Basic Math
1.2K views

Tell the maximum number of zeros that the polynomial function may have. Then use Descartes'...

Basic Math
1.2K views

Elizabeth brought a box of donuts to share. There are two-dozen (24) donuts in the...

Algebra
1.2K views

Write an equation to represent the following statement Let p the number of pens and...

Algebra
1.2K views

x y z 0 Submit Question Question 7 0 2 pts 54 Det Find the...

Accounting
1.2K views

Problem 11-22(Algo) Service Department Charges 10 points Skipped eBook Print References Sharp Motor...

Accounting
1.2K views

D. The following information is available for Eddingburg Company. Beginning accounts receivable $ 70,000 Ending...

Finance
1.2K views

Using Solver to Find the Optimal Stock Portfolio Five investors plan to pool the fund...