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QUESTION
Marcel Co. is growing quickly. Dividends are expected to grow at a 22 percent rate for the next 3 years, with the growth rate falling off to a...
Marcel Co. is growing quickly. Dividends are expected to grow at a 22 percent rate for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 10 percent and the company just paid a $2.10 dividend, the current share price is
