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 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 12 percent and the company just paid a $2.10 dividend. what is the current share price? (Do not round your intermediate calculations.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92067173

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