6 Marcel Co Is Growing Quickly Dividends Are Expected To Grow At A 25 Percent Rate F 3146320

6. Marcel Co. is growing quickly. Dividends are expected to grow at a 25 percent rate for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 13 percent and the company just paid a $1.10 dividend, what the current share price is?

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