Question
Marcel Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next 3 years, with the growth rate falling
Marcel Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. Required: If the required return is 14 percent and the company just paid a $2.10 dividend. what is the current share price?
| $57.24 | |
| $50.14 | |
| $54.99 | |
| $53.41 | |
| $56.12 |
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Energy Audit Of Building Systems An Engineering Approach
Authors: Moncef Krarti
3rd Edition
0367820463, 978-0367820466
