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ABC stock currently pays a cash dividend of $0.92 per share. Its cash dividend is expected to grow at an annual rate of 12% and

ABC stock currently pays a cash dividend of $0.92 per share. Its cash dividend is expected to grow at an annual rate of 12% and the required rate of return for ABC stock is 15%. What is the fair value for ABC stock?
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1. ABC stock currently pays a cash dividend of $0.92 per share. Its cash dividend is expected to grow at an annual rate of 12% and the required rate of return for ABC stock is 15%. What is the fair value for ABC stock

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