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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next 3 years, with the growth rate

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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent and the company just paid a $2.20 dividend. what is the current share price? Multiple Choice $51.51 $50.50 $45.93 $47.66 $49,49 D:43:05 Lohn Corporation is expected to pay the following dividends over the next four years: $8, $7, $6, and $3. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? Multiple Choice $47.81 $44.10 $46.42 $45.08 $53.22

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