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Synovec Co . is growing quickly. Dividends are expected to grow at a rate of 3 0 percent for the next three years, with the
Synovec Co 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? Do not round intermediate calculations and
round your answer to decimal places, eg
Current share price
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