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 a 24 percent rate for the next 3 years, with the growth rate falling off to a constant 8 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?

$57.24
$50.14
$54.99
$53.41
$56.12

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