Manchester plc is expected to pay annual dividends of 1.50, 1.75 and 2.00 per share at the end of each of the next three years

Manchester plc is expected to pay annual dividends of £1.50, £1.75 and £2.00 per share at the end of each of the next three years (i.e., from t=1 to t=3). After year 3, annual dividends are expecte...