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Fuji Co . is growing quickly. Dividends are expected to grow at a rate of 2 6 percent for the next three years, with the

Fuji Co. is growing quickly. Dividends are expected to grow at a rate of 26 percent for
the next three years, with the growth rate falling off to a constant 6 percent thereafter. If
the required return is 12 percent and the company just paid a dividend of $1.90, what is
the current share price? (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g.,32.16.)
Current share price
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