Marcel co is growing quickly dividends are expected to grow

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Marcel Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. Required: If the required return is 14 percent and the company just paid a $2.10 dividend. what is the current share price?

 


$57.24

$50.14

$54.99

$53.41

$56.12

Reference no: EM13482697

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