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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 21 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 21 percent for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 13 percent and the company just paid a $1.80 dividend. what is the current share price? Multiple Choice $39.67 0 $37.46 $40.46 O $38.87 $35.82

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