Question: Synovec Co , is growing quickly. Dividends are expected to grow at a rate of 2 5 percent for the next two years, with the

Synovec Co, is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next two years, with the growth rate falling off to a constant 5 percent thereafter. The required return is 11 percent, and the company just paid a dividend of $2.00.
a) Draw a timeline that represents the given scenario.
b) Draw an equivalent timeline by using the constant growth formula to replace the payments after the second year with a single payment at time 3.(Hint: Pt=Dt+1R-g)
c) Based on the timeline, what is the current share price?
 Synovec Co, is growing quickly. Dividends are expected to grow at

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