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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

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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 falling off to a constant 7 percent thereafter. If the required return is 10 percent and the company just paid a $3.70 dividend. what is the current share price? Multiple Choice $179.77 $169.00 $188.26 $184.57 $180.88

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