Supernormal Growth Marcel AG is growing quickly. Dividends are expected to grow at a 30 per cent

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Supernormal Growth Marcel AG is growing quickly.

Dividends are expected to grow at a 30 per cent rate for the next three years, with the growth rate falling off to a constant 6 per cent thereafter. If the required return is 13 per cent and the company just paid a €1.80 dividend, what is the current share price?

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Related Book For  book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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