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AMC Networks, Inc. has been growing at a supernormal rate of 25 percent per year because of the rising popularity of Breaking Bad, The Walking

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AMC Networks, Inc. has been growing at a supernormal rate of 25 percent per year because of the rising popularity of Breaking Bad, The Walking Dead, and Mad Men. You believe this growth rate will last for two more years and will then drop to 5 percent per year indefinitely. The firm just paid dividends of \\( \\$ 3 \\) per share, and the required return is 12 percent. What is the current market price of the stock

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