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 5.70%. If the discount rate is 15% and the most recent dividend was $1.80, what should be the approximate current share price?

Multiple Choice

• $ 28.97

• $ 26.54

• $ 37.39

• $ 27.96

  An investment opportunity offers you an interest of 0.64% per month, and paid monthly. What will be the value of your initial investment of $682 at the end of 4 years?

  Multiple Choice

• $926.35

• $1,111.62

• $741.08

• $1,389.52