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Ms.Manners Catering (MMC) has paid a constant R1.50 per share dividend to its ordinary shareholders for the past 25 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 2 percent per year into perpetuity.Investors require a 12 percent rate of return to purchase MMC's ordinary shares.What is the market value of MMC's ordinary shares?
Car Dealer
A business that specializes in selling new or used cars at the retail level, typically based on a dealership contract with an automaker or sales subsidiary.
Frequencies
Refers to the number of times an event or data point occurs within a specified dataset or period.
Relative Frequencies
The ratio of the number of times a particular value or category appears in a data set to the total number of values or categories.
Insurance Company
A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.
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