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Marcel Co. is growing quickly. Dividends are expected to grow at a 16 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 $3.70 dividend. what is the current share price?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92843276

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