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34. (5 points) ABC common stock currently pays $2.50 in dividends and the dividends are expected to growth at an extraordinary rate of 20%

34. (5 points) ABC common stock currently pays $2.50 in dividends and the dividends are expected to growth at an extraordinary rate of 20% for 3 years. Then, the growth rate will settle into a constant 6%. If the discount rate is 15%, what should be the approximate current share price?

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