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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 17 percent for the next 3 years, with the growth rate
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 17 percent for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 9 percent and the company just paid a $2.90 dividend. what is the current share price? Multiple Choice $126.30 $136.77 $134.03 $139.50 $133.18
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