Question: Question 1 2 : Mad Max Inc. has a dividend policy that increases annual'dividends by 3 % each year. If last year's dividend was $

Question 12: Mad Max Inc. has a dividend policy that increases annual'dividends by 3% each year. If last year's dividend was $2.50, the company intends to stay in business for 50 years, and an investor wants a 11% return, what would be the price of Mind Max stock?
Question 12: Mad Max Inc. has a dividend policy that increases

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