Question: Mind Max Inc. has a dividend policy that increases annual dividends by 3% each year. If last years dividend was $2.00, the company intends to

Mind Max Inc. has a dividend policy that increases annual dividends by 3% each year. If last years dividend was $2.00, the company intends to stay in business for 50 years, and an investor wants a 9% return, what would be the price of Mind Max stock? Note: Using the constant growth DDM with a finite horizon.

Please show me how to solve this using excel, thank you.

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