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c 2. Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next five years, with the
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2. Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next five years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 10 percent, and the company just paid a dividend of $2.5, what is the current share price? What will be the price be in three years Step by Step Solution
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