Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 16 percent for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 8 percent and the company just paid a $3.10 dividend. what is the current share price? Multiple Choice $110.62 $108.41 $103.22 $106.78 $112.83 Michael's, Inc., just paid $2.40 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 5.2 percent. If you require a rate of return of 9.4 percent, Multiple Choice O $26.86 O $60.11 O $62.51 $17.29 $30.06