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4. Fluzzy, Inc., is experiencing a period of rapid growth. Earnings and dividends are expected to grow at 18% for the next two years, 15%
4. Fluzzy, Inc., is experiencing a period of rapid growth. Earnings and dividends are expected to grow at 18% for the next two years, 15% in the third year, and at a constant rate of 6% thereafter. Whizzkids last dividend (D0) was $1.15. If the required rate of return on the stock is 12%, what is the price of the stock today?
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