Question: Please explain how to solve. if possible could you please explain how to solve on a finanical calculator. thanks. ABC common stock is expected to
Please explain how to solve. if possible could you please explain how to solve on a finanical calculator. thanks.
ABC common stock is expected to have extraordinary growth in earnings and dividends of 20% per year for 2 years, after which the growth rate will settle into a constant 6%. If the discount rate is 15% and the most recent dividend was $2.50, what should be the approximate current share price?
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