Ms manners catering mmc has paid a constant rate of 314 per, Financial Management

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Ms manners catering mmc has paid a constant rate of 314 per

Ms. Manners Catering (MMC) has paid a constant rate of $3.14 per share dividend to its common stockholders for the past 9 years. MMC expects to continue this policy for the next two years, and then begin to increase the dividend at a constant rate equal to 0.59 percent per year in perpetuity. Investors require a 14.36 percent rate of return to purchase MMC's common stock. What is the market value of MMC's common stock?

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Financial Management: Ms manners catering mmc has paid a constant rate of 314 per

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Financial Management: Ms manners catering mmc has paid a constant rate of 314 per

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