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ABC common stock is expected to have extraordinary growth in earnings and dividends of 25% per year for year 2 and 3 , after which
ABC common stock is expected to have extraordinary growth in earnings and dividends of 25% per year for year 2 and 3 , after which the growth rate will settle into a constant 5%. If the required return by investors is 13% and next year's dividend is 4 . What should be the approximate current share price A. 60.58 B. 73.56 C. 68.64 D. 65.10
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