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Feshions is growing quickly. Dividends are expected to increase by 8 percent annually for the next three years, with the growth rate falling off to

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Feshions is growing quickly. Dividends are expected to increase by 8 percent annually for the next three years, with the growth rate falling off to a constant 3 percent thereafter. The required return is 14 percent and the company just paid its annual dividend of $3.64 per share. What is the current share price? Muitiple Choice $48.96 3879 54187 2 3 4 5 6 8 9

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