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1.Rizzi Co. is growing quickly. The company just paid a $3 per share dividend and dividends are expected to grow at a 20%, 15% and
1.Rizzi Co. is growing quickly. The company just paid a $3 per share dividend and dividends are expected to grow at a 20%, 15% and 5% rate respectively for the next three years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 14 percent, what is the current share price?
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