Dividends are expected to grow at rate for next three years

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Reference no: EM132064647

Marcel Co. is growing quickly. Dividends are expected to grow at a 18 percent rate for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter.

Required: If the required return is 11 percent and the company just paid a $2.00 dividend. what is the current share price? (Do not round your intermediate calculations.)

Reference no: EM132064647

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