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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 18 percent for the next 3 years, with the growth rate
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 18 percent for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter. |
If the required return is 9 percent and the company just paid a $2.50 dividend. what is the current share price? |
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