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i got the answer, just need to know how and whicb boxes to fill out with formulas Question 18 18. Supernormal Growth [L01] Synovec Co.

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Question 18 18. Supernormal Growth [L01] Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 11 percent, and the company just paid a dividend of $2.45, what is the current share price? Input area: Dividend growth rate - period 1 Supernatural growth years Dividend growth rate - period 2 Required return Dividend 30%|Initial growth rate 3 Years of initial growth rate 4% Terminal growth rate 11% 2.45 $ 1 Years Dividends Price at end of supernormal growth PV of future CFs 1 3.19 $ $ 2 4.14 $ $ 3 5.38 79.97 Share price $ 68.64

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