Question: 1) Marcel Co is growing quickly. Dividends are expected to grow at 30% per year during the next three years, 20% over the following year,

1) Marcel Co is growing quickly. Dividends are expected to grow at 30% per year during the next three years, 20% over the following year, 15% in the fifth year, and then 8% per year indefinitely. The required return on this stock is 13%, and the next dividend is expected to be $3.25. a) Calculate the intrinsic value of Marcel's stock. b) Calculate the expected price, the dividend and capital gains yields for the next year

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