The current share price, Marcel Co. is growing quickly.

The current share price

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Marcel Co. is growing quickly. Dividends are expected to grow at a 21 percent rate for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 12 percent and the company just paid a $3.40 dividend, the current share price is $___

Reference no: EM131518876

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