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Dividend Discount Model Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 3 1 % for the next three years,

Dividend Discount Model
Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 31% for the next three years, with the growth rate falling off to a constant 6%, thereafter. If the required return is 14% and the company just paid a dividend of $2.55, what is the current share price?
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