Find the current share price

Reference no: EM13262229

Marcel Co. is growing quickly. Dividends are expected to grow at a 22 percent rate for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter.

If the required return is 12 percent and the company just paid a $2.50 dividend. what is the current share price?

Reference no: EM13262229

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