Marcel Co. is growing quickly. Dividends are expected to grow at a rate of 0.06 for the
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Marcel Co. is growing quickly. Dividends are expected to grow at a rate of 0.06 for the next 4 years, with the growth rate falling off to a constant 0.04 thereafter. If the required return is 0.07 and the company just paid a $1.84 dividend, what is the current share price?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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