Find what is the current share price

Reference no: EM131993437

Question: Marcel Co. is growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter.

Required: If the required return is 9 percent and the company just paid a $3.40 dividend. what is the current share price?

Reference no: EM131993437

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