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Accounting

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 14 percent and the company just paid a $2.10 dividend. what is the current share price?

	$57.24
	$50.14
	$54.99
	$53.41
	$56.12

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Accounting Basics, Accounting

Category:- Accounting Basics
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