supernormal growth Company A is expected to have a temporary supernormal growth period and then level off to a "normal," sustainable growth rate forever. The supernormal growth is expected to be 30 percent for 2 years, 20 percent for one year and then level off to a normal growth rate of 6 percent forever. The market requires a 10 percent return on the company and the company last paid a $1.50 dividend. What would the market be willing to pay for the stock today? $97.13 $91.40 $66.72

Company A is expected to have a temporary supernormal growth period and then level off to a "normal," sustainable growth rate forever. The supernormal growth is expected to be 30 percent for 2 vears, 20 percent for one year and then level off to a normal growth rate of 6 percent forever, The market requires a 10 percent return on the company and the company last paid a $1.50 dividend. What woutd the market be willing to pay for the stock today? $97.13 \$91.40 566,72