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Question 1 1 pts Ms. Manners Catering (MMC) has paid a constant $1.57 per share dividend to its common stockholders for the past 25 years.
Question 1 1 pts Ms. Manners Catering (MMC) has paid a constant $1.57 per share dividend to its common stockholders for the past 25 years. MMC expects the next dividend to increase at a constant rate equal to 7 percent per year into perpetuity. Investors require a 12 percent rate of return to purchase MMC's common stock. What is the market value of MMC's common stock? Question 2 1 pts Hawkeye Mining Corp. is close to exhausting its current mining resources. Consequently, the firm's earnings and dividends are expected to decline at a constant rate of 4.2% per year. The most recent dividend was $1.3 and the required return on the stock is 9.00%. The current price of the stock should be $
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