Ms. Manners Catering ( MMC) has paid a constant $2.00 per share dividend to its common stockholders for the past 25 years. MMC expect continue this policy for the next two yearsand then begin to increase the dividend at a constant rate equal to 1 percent per year into perpetuity . Investors require a 11 percent rate of return to purchase MMC's common stock. What is the market value of MMC's common stock? $18.23 $ 18.83 19.82 20.61