Current share price-marshall electronic gadgetry

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Marshall's Electronic Gadgetry is a rapidly growing company in which dividends are expected to grow at a 22 percent rate for the next 3 years. At that time, the growth rate is expected to fall to a constant 6 percent thereafter. The required return is 9 percent and the company just paid a $3.80 annual dividend. What is the current share price?

Reference no: EM132687057

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