Ms manners catering mmc has paid a constant 479 per share, Financial Management

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Ms manners catering mmc has paid a constant 479 per share

Ms. Manners Catering (MMC) has paid a constant $4.79 per share dividend to its common stockholders for the past 12 years. MMC expects to continue this policy for the nest two years, and then begin to increase the dividend at a constant rate equal to 1.25% per year into perpetuity. Investors require a 12% 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 479 per share

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