Question: Question 22 2 points You are evaluating a stock that is expected to experience supernormal growth in dividends of 16% over the next two years.

Question 22 2 points You are evaluating a stock that is

Question 22 2 points You are evaluating a stock that is expected to experience supernormal growth in dividends of 16% over the next two years. Following this period, dividends are expected to grow at a constant rate of 3%. The stock paid a dividend of $2 last year and the required return on the stock is 12%. What is the fair present value of this stock

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