Question
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years, with the growth rate
| Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. |
| If the required return is 12 percent and the company just paid a $1.50 dividend. what is the current share price?
|
Multiple Choice
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$48.12
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$50.08
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$44.43
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$47.06
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$49.10
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
