Marcel Co. is growing quickly. The company just paid a dividend of
$2.00. Dividends are expected to
grow at a 25% rate for the next three years, with the growth rate falling
off to a constant 5% thereafter.
required return is 7%, what is the current stock price? (Please explain all of your work. That is, indicate the future dividends and
the future stock price that you need to do this calculation to receive partial