Monday
December 22, 2014

Homework Help: Finance

Posted by Delaney on Friday, July 30, 2010 at 5:30pm.

Marcel Co is growing quickly. Dividends are expected to grow at a 30 percent rate for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 13 percent and the company just paid a $1.80 dividend, the current share price is $ . (Do not include the dollar sign ($). Round your answer to 2 decimal places.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

managerial finance - The growth rate in dividends for IBM for the next five ...
Finance - the dividends of the reisner company are expected to grow at an annual...
Finance - Thirsty Cactus Corp. just paid a dividend of $1.25 per share. The ...
Finance - Simtek currently pays a $2.50 dividend (D0) per share. Next year’s ...
Finance - 2.Calculate the growth rate of Asset J dividends, we have to assume ...
Finance - Arena Distributors is a new company and currently pays no dividends. ...
Finance - The Seneca Maintenance Company currently (that is, as of year 0) pays ...
Finance - Th e Seneca Maintenance Company currently (that is, as of year 0) pays...
Finance - Teddy Company paid a $3.50 dividend this year (D0 = $3.50). Next year ...
Finance - 16.Peterson Electrical Supplies has generated a net income of $161,424...

Search
Members