ABC common stock is expected to have extraordinary growth in earnings and dividends of 22%...
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ABC common stock is expected to have extraordinary growth in earnings and dividends of 22% per year for 2 years, after which the growth rate will settle into a constant 3%. If the discount rate is 16% and the most recent dividend was $2, what should be the approximate current share price (in $ dollars)? $____
ABC common stock is expected to have extraordinary growth in earnings and dividends of 22% per year for 2 years, after which the growth rate will settle into a constant 3%. If the discount rate is 16% and the most recent dividend was $2, what should be the approximate current share price (in $ dollars)? $____
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