Question: Question 8 1 points Save Answer ABC common stock is expected to have extraordinary growth in earnings and dividends of 21% per year for 2

Question 8 1 points Save Answer ABC common stock is expected

Question 8 1 points Save Answer ABC common stock is expected to have extraordinary growth in earnings and dividends of 21% per year for 2 years, after which the growth rate will settle into a constant 7%. If the discount rate is 16% and the most recent dividend was $3, what should be the approximate current share price in $ dollars)? $_ A Moving to another question will save this response.

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