Nonconstant Growth Rizzi Co. is growing quickly. Dividends are expected to grow at a 25 percent rate
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Nonconstant Growth Rizzi Co. is growing quickly. Dividends are expected to grow at a 25 percent rate for the next three years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 13 percent and the company just paid a $2.80 dividend, what is the current share price? LO.1
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