If the required return is 8 percent and the company just


Marcel Co. is growing quickly. Dividends are expected to grow at a 16 percent rate for the next 3 years, with the growth rate falling off to a constant 3 percent thereafter.

If the required return is 8 percent and the company just paid a $3.70 dividend. what is the current share price?

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Financial Management: If the required return is 8 percent and the company just
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