The growth rate falling off to constant

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Reference no: EM131875254

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 4 percent thereafter.

Required:

If the required return is 8 percent and the company just paid a $1.10 dividend. what is the current share price? (Do not round your intermediate calculations.)

rev: 09_18_2012

$39.44

$43.12

$42.28

$41.43

$40.81

Reference no: EM131875254

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