Miles Hardware has an annual cash dividend policy that raises the dividend each year by 13?%. Last? year's dividend,Div0?,was $1.25 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 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 85 years and not have a liquidating? dividend?
f. the company will be in business? forever?