Miles Hardware has an annual cash dividend policy that raises the dividend eac

Miles Hardware has an annual cash dividend policy that raises the dividend each year by 12%. Last year%u2019s dividend was $1.70 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 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 25 years and not have a liquidating dividend?

d.The company will be in business for 35 years and not have a liquidating dividend?

e.The company will be in business for 75 years and not have a liquidating dividend?