Question: ABC Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years. The growth rate is

ABC Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years. The growth rate is then expected to fall to a constant 7 percent thereafter. The required return is 11%. The company just paid a dividend of $3.25 What is the current share price of ABC ? (A) Po=$135.35 B) Po=$145.24 (C) Po=$133.42 (D) P0=$128.65

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