Question: 8. value 10.00 points Marcel Co. is growing quickly. Dividends are expected to grow at a 21 percent rate for the next 3 years, with



8. value 10.00 points Marcel Co. is growing quickly. Dividends are expected to grow at a 21 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 $2.20 dividend. what is the current share price? (Do not round your intermediate calculations.) $3589 $53.70 O $48.98 O $54.80 $52.17
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