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Marcel Cois growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rate falling off

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Marcel Cois 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 8 percent thereafter. Required If the required return Is 11 percent and the company just paid a $1.20 dividend. what is the current share price? (Do not round your intermediate calculations.) O $52.10 O $58.52 O $56.23 O $55.90 O $57.37

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