Miles hardware has an annual cash dividend policy that, Ask an Expert

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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)?

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Financial Management, Finance

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