Question: 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

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

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 7 percent thereafter. Required: If the required return is 11 percent and the company just paid a $3.10 dividend. what is the current share price? (Do not round your intermediate calculations.) Multiple Choice $120.87 $116.13 $107.85 $114.48 $118.50

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