Question: Marcel Co, is growing, quickly, Dividends are expected to grow at a rate of 0.16 for the next 4 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 rate of 0.16 for the next 4 years, with the growth rate falling off to a constant 0.02 thereafter. If the required return is 0.11 and the company just paid a $0.68 dividend, what is the current share price? Answer with 2 decimals (0,8,45,45)

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