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 |