What is current share price-dividends are expected to grow

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Reference no: EM13813919

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 7 percent thereafter.

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If the required return is 14 percent and the company just paid a $3.70 dividend. What is the current share price?

Reference no: EM13813919

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