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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next 3 years, with the growth rate

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 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 $3.80 dividend. what is the current share price?

Multiple Choice

$135.97

$146.96

$149.90

$141.89

$144.02

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