ABC common stock is expected to have extraordinary growth in earnings and dividends of 19% per year for 2 years, after which the growth rate will settle into a constant 4.90%. If the discount rate is 15% and the most recent dividend was $2.00, what should be the approximate current share price?

Multiple Choice

• $ 37.39

• $ 28.88

• $ 27.87

• $ 26.45