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The ABC has just paid a dividend of $5. The dividends are expected to grow at a rate of 20% for the next three tears.

The ABC has just paid a dividend of $5. The dividends are expected to grow at a rate of 20% for the next three tears. After the third year, dividends are expected to to decline at a rate of 3% per year forever. The required rate of return for ABC is 12%. The current price of ABC is closest to:

a) $73.12

b) $66.45

c) $61.17

d) $59.33

** please solve with the right finance formula and include clear steps this help me learn. I will upvote and comment! Thank you to whoever solves this

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