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ABC common stock is expected to have extraordinary growth in earnings and dividends of 21% per year for 2 years, after which the growth rate

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ABC common stock is expected to have extraordinary growth in earnings and dividends of 21% per year for 2 years, after which the growth rate will settle into a constant 4.90%. If the discount rate is 17% and the most recent dividend was $2.30, what should be the approximate current share price? Multiple Choice $ 37.39 $ 27.58 $ 28.59 $26.16

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