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Demonstrate what is the current share price

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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 6 percent thereafter.

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Question 1: If the required return is 12 percent and the company just paid a $3.40 dividend. what is the current share price?

Reference no: EM132551483

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