What is the current share price

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1) Marcel Co. is growing quickly. Dividends are expected to grow at a rate of 0.16 for the next 4 years, with the growth rate falling off to a constant 0.04 thereafter. If the required return is 0.10 and the company just paid a $0.55 dividend, what is the current share price? Answer with 2 decimals.

2) Apocalyptica Corp. pays a constant $7.43 dividend on its stock. The company will maintain this dividend for the next 5 years and will then cease paying dividends forever. If the required return on this stock is 8 percent, what is the current share price? Answer with 2 decimals.

Reference no: EM131587086

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