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In 2000, the common stock of Abott Inc. and Bolt Inc sold for $75 per share. Over the last 22 years, the value of Abott's
In 2000, the common stock of Abott Inc. and Bolt Inc sold for $75 per share. Over the last 22 years, the value of Abott's stock increased at an average rate of 7% (growth rate) per year and the value of Bolt's stock increased at 8% (growth rate) per year on average. Find the 2022 estimated price for each company's stock ( Hint: Use the constant growth model- equation 1 on previous page)
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