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ABC common stock is expected to have extraordinary growth of 20% per year for 2 years, at which time the growth rate will settle into
ABC common stock is expected to have extraordinary growth of 20% per year for 2 years, at which time the growth rate will settle into a constant 6%. If the discount rate is 15% and the most recent dividend (Do) was $2.50, what should be the approximate current share price?
A)31.16
B)33.23
C)37.42
D)47.77
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