XYZ common stock is expected to have extraordinary growth in earnings and dividends of 19% per year for 2 years, after w

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answerhappygod
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XYZ common stock is expected to have extraordinary growth in earnings and dividends of 19% per year for 2 years, after w

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XYZ common stock is expected to have extraordinary growth
in earnings and dividends of 19% 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 $3, what should be the
approximate current share price? $_________.
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