ABC stock currently pays a cash dividend of $0.92 per share. For the next two years, its cash dividend will grow at 30% per year. After that, its cash dividend is expected to grow at an annual rate of 12% forever and the required rate of return for ABC stock is 15%. What is the fair value for ABC stock?

2. ABC stock currently pays a cash dividend of $0.92 per share. For the next two years, its cash dividend will grow at 30% per year. After that, its cash dividend is expected to grow at an annul rate of 12% forever and the required rate of return for ABC stock is 15%. What is the fair value for ABC stock