Dividends are expected to grow-what is current share price

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Marcel Co. is growing quickly. Dividends are expected to grow at a 22 percent rate for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter.

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If the required return is 9 percent and the company just paid a $2.20 dividend. what is the current share price?

Reference no: EM131875644

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