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5. ABC common stock is expected to have extraordinary growth in earnings and dividends of 20% per year for 2 years, after which the growth

5. ABC common stock is expected to have extraordinary growth in earnings and dividends of 20% per year for 2 years, after which the growth rate will settle into a constant 7%. If the discount rate is 15% and the most recent dividend was $1, what should be the approximate current share price?

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