Question: Marcel Co. is growing quickly. Dividends are expected to grow at a 26 percent rate for 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 26 percent rate for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. Required: If the required return is 14 percent and the company just paid a $2.10 dividend what is the current share price? (Do not round your intermediate calculations.) Multiple Choice $51.06 S52.08

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