ABC common stock is expected to have extraordinary growth in earnings and dividends of 26% per year for 2 years, after w

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answerhappygod
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ABC common stock is expected to have extraordinary growth in earnings and dividends of 26% per year for 2 years, after w

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ABC common stock is expected to have extraordinary growth in
earnings and dividends of 26% per year for 2 years, after which the
growth rate will settle into a constant 2%. If the discount rate is
15% and the most recent dividend was $1, what should be the
approximate current share price (in $ dollars)? $_________.
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