Question: 23 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,

 
23 Question 12: Mad Max Inc. has a dividend policy that increases

23 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? Refer proble

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