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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 9 percent and the company just paid a $3.90 dividend. what is the current share price? Multiple Choice $155.10 $152.80 $146.41 $158.27 $161.43

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