Question 6 Unsaved Marcel Co. is growing quickly. Dividends are expected to grow at a rate of 0.09 for the next 4 years, with the growth rate falling off to a constant 0.01 thereafter. If the required return is 0.13 and the company just paid a $1.06 dividend, what is the current share price? Answer with 2 decimals (e.g. 45.45). Your Answer: