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Problem 7 - 1 8 Supernormal Growth [ LO 1 ] Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of
Problem Supernormal Growth LO
Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of percent for the next three years, with the growth rate falling off to a constant percent, thereafter. If the required return is percent and the company just paid a dividend of $ what is the current share price?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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