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 20 percent rate for the next 3 years, with the growth rate falling off to a constant 3 percent thereafter.

If the required return is 8 percent and the company Just paid a $3.20 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.:- M92316028

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