Marcel co is growing quickly dividends are expected to grow, Ask an Expert

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Marcel Co. is growing quickly. Dividends are expected to grow at a 23 percent rate for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter.

Required:

If the required return is 14 percent and the company just paid a $3.70 dividend. What is the current share price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91383850

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