Question: Marcel Co. is growing quickly. Dividends are expected to grow at a 24 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 24 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 $2.20 dividend what is the current share price? (Do not round your intermediate calculations.) $90.31 $92.12 $87.25 $82.18 O $88.51

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