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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 27 percent for the next 3 years, with the growth rate

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 27 percent for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. If the required return is 14 percent and the company just paid a $2.80 dividend. what is the current share price?

$81.75$78.55$76.28$80.15$71.59

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