Question: Marcel Co. is growing quickly. Dividends are expected to grow at a 22 percent rate f the next 3 years, with the growth rate falling

Marcel Co. is growing quickly. Dividends are expected to grow at

Marcel Co. is growing quickly. Dividends are expected to grow at a 22 percent rate f the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. Required: If the required return is 13 percent and the company just paid a $1.20 dividend. what the current share price? (Do not round your Intermediate calculations.) Multiple Choice $36.82 $35.31 $33.07 $36.09 $37.56

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