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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
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 7 percent and the company just pald a $2.90 dividend. what is the current share price? (Do not round your intermediate calculations.) $149.09 O $146.11 O$152.08 $145.10 $140.05
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