Question: 9. 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

9. value 10.00 points Marcel Co. is growing quickly. Dividends are

9. 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 3 percent thereafter Required: If the required return is 11 percent and the company just paid a $2.50 dividend what is the current share price? (Do not round your intermediate calculations.) O $47.39 $49.62 $51.64 O $46.50 $50.63 References eBook & Resources Multinio Choice learning Objective 08 01 How

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